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THE BLOOMBERG PROFESSIONAL SERVICE
The Bloomberg Professional® Service Overview
GRI: 102-2; 102-6
The Bloomberg Professional® service (the Terminal) is the most powerful and flexible platform
for financial professionals, market-movers and industry influencers who need real-time data,
news and analytics to make smarter, faster and more informed decisions. Our product offerings
integrate environmental, social and governance (ESG) data into financial analysis, making it
relevant and actionable for the financial community. Thousands of companies now provide
detailed extra-financial information. Regulations are mandating increased management
disclosure and analysis on sustainability, and investors are analyzing the comprehensive risks
and opportunities of issuers in public and private markets. Bloomberg offers actionable analyst
insights and market intelligence, data and valuation models and up-to-the-minute sustainable
finance news. All connected to a powerful community of influential decision-makers at the heart
of the financial markets.
Bloomberg Professional service overview video
THE BLOOMBERG PROFESSIONAL SERVICE
Equities: ESG
The Bloomberg Professional® service offers industry-leading data, analysis and solutions crucial
for equity research, investment and trade execution—all on an integrated platform. Bloomberg
Sustainable Finance products enable investors across asset classes to understand the risks and
opportunities associated with potential investments or counterparties as the market continues to
embrace Environmental, Social and Governance (ESG) factors.
ESG Data
Bloomberg has researched 20,000 of the most actively traded public companies and
obtained ESG data disclosed by more than 9,100 companies; we have also gathered executive
compensation data for more than 5,600 companies in 69 countries — and are increasing
coverage every day. This information includes data on energy and emissions, waste, gender
diversity on the board, percent of independent directors, workforce accidents and other data
fields. Bloomberg also provides sustainability news, research, indices, funds, legal and regulatory
information as well as robust screening, scoring and other portfolio optimization tools.
Bloomberg ESG data is collected from published company disclosures and integrated into
the Bloomberg Equities and Intelligence services. ESG data on the Bloomberg Terminal is fully
integrated with all of Bloomberg’s cutting-edge analytics, such as the new ESG Terminal page,
Equity Screener (EQS), Portfolio Analytics (PORT) and Relative Value (RV) and our Excel-based
models, including our ESG Scorecard and Carbon Footprint Tool. In addition, we have developed
ratios and key performance indicators to better compare and analyze companies on ESG metrics.
Water Risk Valuation Tool
The Water Risk Valuation Tool is a practical, high-level demonstration tool that illustrates how
water risk can be incorporated into company valuation models. With a focus on gold and copper
mining companies, the tool models potential asset stranding based on conditions of future
physical water scarcity, and estimates the effects of this water risk factor on earnings and share
price. The tool was developed in partnership with the Natural Capital Declaration (managed
by the UNEP Finance Initiative and Global Canopy Programme), with support from Bloomberg
Philanthropies and the GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit).
You can read the Water Risk Valuation Tool white paper here and request a demo of the tool.
Equities: Data UsageNumber of ESG Customers, 2012–2016
2012
11,54211,894
2013 2014 2015 20160
5,000
10,000
15,000
12,242
5,172
7,500
This graph shows the growth in the number of ESG users over the past five years. Please note that
this is just one proxy for determining the adoption of ESG analysis. As the field matures, we are
developing more granular metrics to explain uptake.
THE BLOOMBERG PROFESSIONAL SERVICE
Case Study: The New ESG <GO>
Bloomberg is committed to increasing the visibility of environmental, social and governance
(ESG) risks and opportunities for investors. We have launched a new ESG company analysis page
to increase transparency and provide context around company ESG data. By providing access to
smart ESG information, Bloomberg can help investors make more informed decisions.
Our ESG dashboard allows customers to select the company they want to analyze and provides
a quick snapshot of that particular company or industry, including key metrics, ESG scores and
peer analysis. This enhancement enables our customers to make more informed investment
decisions about a company’s sustainability performance relative to its industry and peers, as well
as providing context on otherwise hard-to-quantify performance or third-party scores.
Summary The summary section provides an overview of a company from an ESG risk perspective, both historically and relative to peers.
Metrics List The metrics list is focused on industry-specific, investor relevant ESG key performance indicators. The data for each metric is as reported by the company and its peers. Data is sourced from public company filings, including annual reports, corporate governance reports, CSR or Sustainability reports, as well as from company websites.
Historical Comparison The historical comparison section allows you to gauge whether a company’s ESG metrics have improved or declined over the selected timeframe. One-click access to the Graph Fundamentals (GF) function displays trends over time in a detailed chart.
Peer Comparison The peer comparison section allows you to analyze the ESG performance of a company compared to a group of its peers. The list of peers is entirely customizable by the user.
Scores The scores section provides a snapshot of ESG scores, rankings, and ratings from Bloomberg and third party ratings agencies, so you can gain proprietary and outside perspectives on a company’s ESG risks.
Control AreaThe control area allows you to select the company you want to analyze, and select the timeframe and currency, so you can customize the ESG data that appears. You can also export the ESG data to Microsoft® Excel for further analysis.
More than 12,000 users are making more informed decisions based on ESG data available in the new ESG dashboard
THE BLOOMBERG PROFESSIONAL SERVICE
Bloomberg Intelligence: BI ESG
Bloomberg Intelligence provides in-depth analysis, commentary and data sets on 130+
industries and 1,500+ companies across 10 major sectors and 20 economies. We also cover the
government factors, credit, litigation and legislation that can impact decision-making. We put the
data, analytics and insights at the fingertips of customers to facilitate creative investment ideas,
simplify strategic and financing recommendations and produce compelling presentations.
Dedicated environmental, social and governance (ESG) analysis from Bloomberg Intelligence
integrates material company and industry ESG key performance indicators, comprehensive and
proprietary fundamentals data and the insight of the wider Bloomberg Intelligence analyst team.
This platform provides unique, data-driven insights into sustainability themes, including climate
change, water, safety and corporate governance that present real risks and opportunities for
whole industries and individual companies. Collaboration with industry experts from Bloomberg
New Energy Finance, Bloomberg Government, Bloomberg BNA and Bloomberg News ensures
that Bloomberg Intelligence ESG research is both expansive and timely, providing clients with a
deeper level of insight to help them make fully informed investment decisions.
New Research from Bloomberg Intelligence
Index Median % Women on BoardGovernment quotas and threats are driving European companies to narrow the gender gaps in their boardrooms. European Stoxx 600 companies have doubled the proportion of female directors to a median 25% since 2011. In contrast, U.S. S&P 500 companies, at a median 20%, have made about as much progress in the period as Europe did in the last year. Government-imposed diversity is not palatable in the U.S. Thus investors concerned with good governance and management are left to prod laggards.
Women Gaining in Europe Boardrooms as U.S. Progress Lags Behind
Source: Company filings, Bloomberg Intelligence 2010
5%
10%
15%
20%
25%
30%
2013 2014 201520122011
S&P 500
Stoxx 600
FTSE 350(Ex. Trusts)
BI ESG provided analysis on gender leadership gains in Europe and U.S.
THE BLOOMBERG PROFESSIONAL SERVICE
News: Sustainable Finance
GRI: 102-16; G4-2; G4-56: G4-LA9 | SASB: SV0302-04
Bloomberg News aims to be the definitive chronicle of capitalism by covering everything that
matters in global business and finance. Today, approximately 2,600 journalists in 120 countries
publish more than 5,000 stories per day that are delivered to Bloomberg Terminal subscribers.
Bloomberg focuses its coverage on six key areas that are most important to Bloomberg
customers: business, finance, markets, economics, technology and power, which includes politics
and government. In addition to the Bloomberg Terminal, Bloomberg journalism appears across
all its digital properties, including Bloomberg.com, Bloomberg mobile, Bloomberg Television,
Bloomberg Radio and, in print, in Bloomberg Markets magazine and Bloomberg Businessweek.
Bloomberg content is also syndicated to more than 1,000 media outlets globally.
Bloomberg reports on the issues that matter to financial and business professionals—when they
happen and from where they happen. If it affects markets, Bloomberg News will be there first,
delivering accurate information in milliseconds on thousands of stocks, bonds and economic
indicators around the globe. Bloomberg leads the way in breaking news about mergers and
acquisitions and other market-moving events that help our readers to stay a step ahead.
Bloomberg’s award-winning reporters and editors also create and curate sustainability-related
content and produce regular stories on corporate governance, with a particular focus on
company supply chains, executive pay and diversity. For example, Bloomberg Brief’s weekly
newsletter on sustainable finance provides actionable insights for investors following sustainable,
responsible and impact investment strategies. In each issue, you’ll see coverage of funds and
investment strategies, as well as up-to-the-minute news on major trends, including green
and social bond markets, sustainability reporting, corporate social responsibility, corporate
governance and employee engagement and diversity.
In addition to Bloomberg’s own original content, the Bloomberg Terminal carries more than
1,000 news sources in 30+ languages globally and provides a powerful search engine to capture
content from 90,000 web sources and social media.
0
January 2016June 2015
5,000
10,000
15,000
20,000
25,000
Sustainable Finance Brief SubscribersSubscribers by month since June 2015 launch
18,390Web Subscribers
2,587TerminalSubscribers
20,977Total Subscribers
Bloomberg Brief’s weekly newsletter on sustainable finance provides actionable insights for
investors following sustainable, responsible and impact investment strategies.
THE BLOOMBERG PROFESSIONAL SERVICE
Fixed Income: Green Bonds & ESG Integration
As interest in green bonds continued to grow in the past year, so has interest in integrating
environmental, social and governance (ESG) factors into fixed income investing. In line with this
trend, Bloomberg is supporting credit analyst research and portfolio managers’ investment
decision-making with comprehensive company-reported ESG data and third-party research
providers’ performance scores.
We have integrated support for fixed income portfolios into our ESG scoring model, giving credit
investors the ability to generate a custom ESG performance rank on the issuers of corporate
bonds. Our carbon footprint tool can also generate a carbon intensity and carbon efficiency
value for any corporate bond portfolio. In the past year, we also added coverage of corporate
debt issuers whose ESG data wasn’t linked to public company sustainability data.
Bloomberg is also bringing greater transparency, discoverability and integrity to green bonds on
the Bloomberg Professional service and beyond. Working in close collaboration with Bloomberg
New Energy Finance to provide green bond market governance, research, data and analytics,
Bloomberg has established itself as a leading voice in the global community of stakeholders
shaping the emerging green bond universe.
Bloomberg New Energy Finance’s analysts based in 16 cities over six continents track the
financial, economic and policy trends driving the energy transformation in which green bonds
play a crucial role. The firm produces sophisticated data sets, proprietary models and research
notes to help clients navigate through the global transition.
Bloomberg is also making green bonds more transparent and discoverable to a larger universe
of investors. We are improving the integrity of the green bonds market by helping our users
understand the quality of issuer disclosure as well. Bloomberg has enhanced this screening
process with new fields that illustrate issuer alignment with the Green Bonds Principles
developed by the International Capital Markets Association.
0 B
20 B
40 B
60 B
80 B
$100 B
Green Bonds: Total IssuanceIssuance by Year, 2007–2016
$1.5 B
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
$0.5 B $0.9 B
$7.3 B$3.4 B $5.1 B
$15.4 B
$37.8 B
$47.9 B
$95.1 B
More than $95 billion of new green bonds were issued in 2016, topping the previous record of
$47.9 billion set in 2015.
Green Bonds: Top Underwriters
Underwriters Deals Value
Haitong Securities Co Ltd
China International Capital Cor
Barclays
Huatai Securities Co Ltd
Citigroup
China Construction Bank
HSBC
Guotai Junan Securities Co Ltd
Deutsche Bank
Morgan Stanley
Bank of China
SEB Bank
JPMorgan
Credit Agricole
Bank of America ML 49
41
28
36
23
19
15
10
24
10
20
4
16
5
5
$7.8 B
$4.6 B
$4.3 B
$3.8 B
$3.7 B
$3.6 B
$3.1 B
$3.1 B
$2.9 B
$2.5 B
$2.5 B
$2.5 B
$2.0 B
$2.0 B
$1.9 B
2007–2016
Bank of America Merrill Lynch was the top underwriter of green bonds in 2016, arranging $7.8 billion
of corporate, municipal and supranational green bond deals in both the U.S. and overseas.
THE BLOOMBERG PROFESSIONAL SERVICE
Commodities: Carbon & Renewables
Bloomberg Commodities gives corporate and investment professionals the world’s most
comprehensive set of fundamental and market pricing data. Users can capitalize on
developments in all markets—from currencies to securities and across asset classes. Bloomberg
provides environmental and renewable market participants dedicated analysts, high-quality
environmental data, in-depth fundamental analyses and real-time market prices. Users can
analyze trading patterns and fundamental information in global carbon markets using on-
Terminal and off-Terminal solutions. Our proprietary models allow users to view data and analysis
across the entire time spectrum—from immediate to long term—and dive into the market-leading,
fundamental data with our interactive tools to search wind, solar and biomass plants, industrial
installations and global carbon projects.
Bloomberg users can track and analyze the transition to a cleaner economy through BNEF’s
independent analysis, data and tools for electricity and transport markets. Our Terminal
coverage includes all renewable energies and low-carbon technologies, as well as all tradable
commodities in the carbon, climate, energy and power sectors.
EU ETS Installations DataInsight into European Union Emissions Trading Scheme (EU ETS)
1 Germany 158.56 454.88 -296.32 N.A.
2 United Kingdom 61.65 175.78 -114.13 N.A.
3 Poland 55.70 170.57 -114.87 N.A.
4 Italy 70.43 156.15 -85.72 N.A.
5 Spain 60.23 137.27 -77.04 N.A.
6 Netherlands 46.54 94.18 -47.65 N.A.
7 France 79.19 83.08 -3.89 N.A.
8 Czech Republic 41.33 66.63 -25.30 N.A.
9 Greece 14.59 49.88 -35.26 N.A.
10 Belgium 34.25 44.71 -10.45 N.A.
11 Romania 20.41 42.39 -21.98 N.A.
12 Austria 21.08 29.49 -8.41 N.A.
13 Finland 20.42 25.49 -5.07 N.A.
14 Norway 16.72 23.26 -6.54 N.A.
-11.01 N.A.15 Portugal 11.96 22.98
16 Slovakia 15.03 21.18 -6.15 N.A.
17 Bulgaria 9.42 20.80 -11.39 N.A.
18 Hungary 10.32 19.48 -9.17 N.A.
19 All 812.38 1,732.43 -919.16 N.A.
CountryCap Mln
tCO2eEmissions
Mln tCO2eShrt/Lng
Mln tCO2eCER
(%)Top 5 Long & Short
-300
Sweden 8.11
Lalvia .04
Liechtenstein
Spain -77.04
Italy -114.13
United Kingdom -114.13
Poland -114.87
Germany -296.32
0 50
Bloomberg’s Commodity product provides transparency into the European Union Emissions Trading
Scheme (EU ETS). Subscribers can use this tool to monitor carbon emissions and allocation data to
identify countries with extra capacity and those that have already exceeded their annual cap.
THE BLOOMBERG PROFESSIONAL SERVICE
Enterprise Solutions: The Bloomberg App Portal (APPS)
Bloomberg’s Enterprise Solutions leverages the company’s core strength—its market-leading
technology and global infrastructure—enabling businesses to acquire, manage and distribute
data more efficiently and effectively across the enterprise. From enterprise technology to data
management, trading workflow to portfolio and risk analysis, secure archiving to regulatory
compliance, we offer a complete turnkey solution. Whatever the client’s needs, we approach
them creatively.
The Bloomberg App Portal is Bloomberg’s home for premium applications to help optimize
workflows, better analyze the markets and stay ahead of the curve. As part of Bloomberg’s
Enterprise Solutions business, the App Portal works with world-class analytics companies and
global investment banks to deliver applications powered by the data, news and functionality of
the Bloomberg Terminal.
Specialized applications like the Investment Carbon Screener by South Pole Carbon help users
better understand both the market and environmental impact of their investments, aiding them
in making more informed decisions.
Investment Carbon ScreenerThe Investment Carbon Screener is a powerful tool that provides extensive information on the carbon footprint of your investment opportunities. The Investment Carbon Screener was developed for the Bloomberg App Portal by South Pole Carbon to enable investors to access information about and analysis of the carbon impact, risks and opportunities of their portfolio constituents. Its extensive database not only assesses the reliability of disclosed carbon figures, it also employs an advanced metric to calculate approximate figures for companies that do not disclose their greenhouse gas emissions.
Potential Benefits
Include carbon information in your investment process
Structure and position carbon-related investment products
Use company carbon data for engagement and ESG rating
You can use the Investment Carbon Screener:
To calculate the greenhouse gas impact of your entire portfolio
To find out carbon emissions of individual companies
To learn about company carbon performance
THE BLOOMBERG PROFESSIONAL SERVICE
Indices: BFGEI & BRAIS
Bloomberg Financial Services Gender-Equality Index (BFGEI)
Bloomberg’s Financial Services Gender-Equality Index (BFGEI) provides investors with valuable
reference data on gender equality in the financial services industry, measuring internal company
statistics, employee policies, gender-conscious product offerings and external community
engagement. Created in consultation with third-party experts, the index recognizes firms’
commitment to disclosure and best-in-class policies and practices.
The BFGEI has been cited by firm participants, investors, thought leaders and the media
for providing data transparency and standardization, a forum for companies to collectively
discuss challenges internally and among their peers and a method to better understand the
performance imperative for gender-equal policies and practices.
Since the inaugural launch, the BFGEI has doubled index membership, and the Bloomberg team
has released a related bond index based on the same methodology.
BRAIS
In December 2015, Bloomberg announced the acquisition of BRAIS-Barclays Risk Analytics and
Index Solutions Ltd-a leading provider of benchmark and strategy indices, portfolio analytics, risk
and attribution models, and portfolio construction tools. As part of this acquisition, Bloomberg
acquired a number of Sustainable Finance related indices, including the re-branded Bloomberg
Barclays Fixed Income Index which includes the Bloomberg Barclays MSCI ESG family of indices
as well as the Bloomberg Barclays MSCI Global Green Bond indices.
• The Bloomberg Barclays MSCI ESG Fixed Income Index Series is comprised of a range of
investment grade Aggregate and corporate index benchmarks reflecting three different ESG
investment themes:
• Socially Responsible (SRI) Indices negatively screen out issuers from existing Barclays
indices that may be involved in business lines or activities that are in conflict with investment
policies, values, or social norms. These indices use MSCI ESG Research’s Business
Involvement Screening Research (BISR) to identify exposure to a number of different
screened issues.
• Sustainability Indices positively screen issuers from existing Barclays indices based on MSCI
ESG Research’s ESG Ratings, which are a “best in class” assessment of how well an issuer
manages ESG risks relative to its industry or peer group. MSCI ESG Ratings are available for
corporate, sovereign, and government-related issuers. The minimum threshold applied to
Barclays flagship indices is an ESG rating of BBB or better.
The Bloomberg Barclays MSCI ESG Fixed Income Indices are available for Global, USD, EUR, and
GBP fixed-rate, investment-grade bond universes.
Another product, the Bloomberg Barclays MSCI Green Bond Index family offers investors an
objective and robust measure of the global market for fixed income securities issued to fund
projects with direct environmental benefits. An independent research-driven methodology is
used to evaluate index-eligible green bonds to ensure they adhere to established Green Bonds
principles and to classify bonds by their environmental use of proceeds.
2017 Bloomberg Financial Services Gender-Equality Index
35%Gender Statistics
35%Company Policies
20%Community Engagement
10%Product O�ering
Companies demonstrate commitment to diversity and inclusion in the workplace by promoting female hires into management and senior positions.
The index uses data collected across four sections
Gender StatisticsThe 52, BFGEI member firms have an average of 24.2% female representation on boards, compared with an average of 12.8% for1,496 financial services firms.
Policy goals are set to maintain and improve a diverse working environment and to promote women professionally, including gender-neutral family support.
Company Policies73% of member firms require a gender-diverse slate of candidates for management positions.
Companies can publicly support women in various ways, including sponsoring external education programs, supporting gender-equal legislation and supporting organizations that advocate for gender equality.
Community Engagement83% of member firms o�er or sponsor financial education programs for women in their communities.
Beyond a company’s own employees, women’s empowerment includes creating financial resources and opportunities for women clients, which promote economic growth through communities and families.
Product O�erings9 member firms track repayment rates by gender.
The 2017 Bloomberg Financial Services Gender-Equality Index included 52 financial services firms
headquartered in 17 countries.
OUR INDUSTRY VERTICALS
Industry Verticals Overview
Bloomberg’s Industry Verticals cover the legal, government and energy industries through
Bloomberg New Energy Finance, Bloomberg Government and Bloomberg BNA. Bloomberg
offers a suite of in-depth information and analytic solutions that cover the breadth of these areas
with key insights into cross-cutting ESG issues. The continuing rise of sustainability-related issues
creates unique and profound implications for a wide range of industries and related participants
in government, nongovernment, legal and financial communities. Also part of our Industry
Verticals, Bloomberg’s venture capital firm, Bloomberg Beta, invests as early as possible in
companies that make work better, with a particular focus on machine intelligence.
Industry Verticals Publications
ENERGY AND CLIMATE REPORT
2016 OUTLOOK
////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
DAILY ENVIRONMENT REPORT
2016 OUTLOOK
////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
Our Industry Verticals group releases an assortment of special reports and daily analysis, related to
the environment and climate change to our diverse audiences across energy, government, legal and
regulatory professionals.
OUR INDUSTRY VERTICALS
Bloomberg New Energy Finance (BNEF)
Bloomberg New Energy Finance (BNEF) is an industry research firm focused on helping energy
professionals generate opportunities. With a team of experts spread across six continents, BNEF
provides independent analysis and insight, enabling decision-makers to navigate change in an
evolving energy economy.
Leveraging the most sophisticated new energy data sets in the world, BNEF synthesizes
proprietary data into astute narratives that frame the financial, economic and policy implications
of emerging energy technologies. BNEF’s global coverage spans: power and utilities, transport,
gas, renewable energy, carbon markets and climate negotiations, and energy-smart technologies
and storage. BNEF research and analysis are available on the Bloomberg Terminal.
Corporations, financial institutions, governments and service providers make use of a wide array
of subscription-based services that include news, investment data, research, advisory services
and executive events. We are proud to serve several leading global institutions, including the
United Nations, UNEP, International Energy Agency, The Pew Charitable Trust, U.S. Department
of Energy and UK Aid.
Launched in 2012, BNEF’s Climatescope evaluates the condition of clean energy and climate-
related investment worldwide. Climatescope has grown to track the conditions for clean energy
investment on and off the grid in 58 emerging markets in Africa, Asia, Latin America and
the Caribbean. The Climatescope website is updated with new content throughout the year,
including our new off-grid renewable energy quarterly market outlook. In 2016, BNEF launched
two other research reports focused on clean energy investment in emerging markets:
• The Off-Grid Solar Market Trends Report 2016, in partnership with The World Bank, takes
stock of what the emerging off-grid solar industry has achieved, looks at the opportunities
and challenges facing the sector and assesses the potential of off-grid solar to help achieve
universal electricity access.
• The report about Financing India’s Clean Energy Transition examines the recent growth
across the country’s off-grid, small energy grids, rooftop solar and utility-scale renewable
energy segments and looks at challenges for their future growth, including financing trends.
Also notable:
• BNEF co-produced An Integrated Perspective on the Future of Mobility with McKinsey &
Company. This report explores how a number of existing social, economic and technological
trends will work together to disrupt urban mobility at the local level.
• BNEF’s Corporate Renewable Energy Procurement Monthly is a new regular feature that
showcases BNEF’s growing research in the area of corporate procurement. The new feature
highlights global power purchase agreement (PPA) deals, market and deal updates in the
U.S., Europe and India, and executive interviews.
New Investment in Clean EnergyNew Investment in Clean Energy, 2004-2016 ($BN)
02004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
50
100
150
200
250
300
350
$62B
$88B
$130B
$183B$205B $207B
$276B
$317B $315B
$349B
$287B$291B$269B
43%
48%
41%
12%
17%
11%
15%
8%18%
8%
33%
Global clean energy investment, reached $287.5 billion in 2016. This was a reduction from 2015
levels, primarily due to fewer large-scale asset finance investments.
BNEF Reports
Bloomberg New Energy Finance publishes industry-leading reports providing insights into clean
energy investments, specific market outlooks and long-term forecasts for the global power sector
among others. Research insights are available to BNEF clients.
OUR INDUSTRY VERTICALS
Bloomberg BNA (BBNA)
Bloomberg BNA, a wholly owned subsidiary of Bloomberg, is a leading source of legal,
regulatory and business information for professionals. Its network of more than 2,500 reporters,
correspondents and leading practitioners delivers expert analysis, news, practice tools and
guidance—the information that matters most to professionals. Bloomberg BNA’s authoritative
coverage offers the full range of legal practice areas, including tax and accounting, labor and
employment, intellectual property, banking and securities, employee benefits, health care,
privacy and data security, human resources and environment, health and safety.
Across Bloomberg BNA’s publishing groups, expert legal and business practitioners in a wide
range of fields offer readers insight and analysis while delivering the highest editorial quality in
the industry. Their timely, comprehensive, focused coverage allows Bloomberg BNA customers
to spend less time on reading and research. Bloomberg BNA’s Environment, Health and Safety
News Desk gives prominent coverage to sustainability and other environmental issues. The
group supports many sustainability-oriented programs, events and organizations. Senior
executives are actively represented on the Board of the Association of Climate Change Officers
and as judges for EPA’s Climate Leadership Awards. As members of the National Association of
Environmental Managers, they support events and new products and services for the sector.
Bloomberg and Bloomberg BNA’s Annual Sustainable Business Summit convenes thought
leaders and executives to address how businesses are embedding sustainability initiatives
that yield economic returns alongside environmental and social benefits into their corporate
structures and strategies. The 2016 conference addressed critical issues in three important areas:
• Driving profitability through social and environmental goals
• Defining and measuring the business value of sustainable practices
• Transformative game-changers: trust, digital and new business models
Bloomberg BNA Environmental Reporting by TopicNumber of articles on Environmental topics in 2016
Energy
Legislative & Admin Activities
Chemicals
Climate Change
Water Pollution
Waste Management & Cleanup Liability
Air Pollution
Natural Resources
Water Resources
Sustainability
Hazardous Materials
Species Protection
4,752
2,328
2,213
2,148
1,605
1,099
885
695
581
488
263
198
Bloomberg BNA Environmental Reporting by PublicationNumber of articles published in Environmental publications in 2016
Daily EnvironmentReport
Energy and ClimateReport
International EnvironmentReporter
Water Law &Policy Monitor
Chemical RegulationReporter
Environmental DueDiligence Guide Report
7,106
3,825
1,489
621
2,679
1,535
Bloomberg BNA’s environment and energy stories appear across six publications, reaching a variety
of customers in the U.S. and abroad.
In 2016, Bloomberg BNA published 17,255 stories on energy and environment topics..
OUR INDUSTRY VERTICALS
Bloomberg Government (BGOV)
Bloomberg Government (BGOV) is the most comprehensive web-based information service for
professionals who look to influence or are affected by the federal government. Through rich data,
in-depth analyses, news, directories and integrated analytical tools, BGOV helps congressional
staffers, government relations professionals, business development teams, C-level executives and
agency officials stay at the top of their game.
BGOV delivers a transparent look at the energy and sustainability agenda of Washington policy
makers and shapers. The Lobbying Intelligence Tool empowers users to understand lobbying
efforts on environmental laws and regulation, providing visibility into which firms are lobbying on
oil, natural gas, environmental regulation and agricultural policy—as well as which congressional
offices registered lobbyists used to work for. These insights allow users to track the positions of
corporations and nongovernment organizations trying to influence environmental and energy
policy.
Bloomberg Government also continues in-depth coverage of live legislative markup hearings of
the U.S. Senate Committee on Environment and Public Works, as well as the House Committee
on Natural Resources and the Energy & Commerce Committee. BGOV’s ongoing real-time
coverage enables clients to respond and act on environmental regulation when it matters most
to them.
Bloomberg Government LobbyNumber of companies that lobbied on environmental issues, 2013–2016.
Energy/NuclearNatural Resources
Clean Air and Water Quality
Environment & Super Fund
20162013
1,07
4
1,12
8
1,0
02
498
531
48
5
738
738
68
0
1,359
1,27
8
1,15
1
911
454
694
1,032
The chart shows the number of companies and organizations that hired government affairs
professionals to lobby on environmental issues. The environmental issue with the highest number of
lobbying registrations was Energy/Nuclear in 2016.
Bloomberg Government Coverage of Federal RegulationsTracking of Energy and Environment Regulations, 2013–2016.
Department of EnergyEnvironmental Protection Agency
0
500
1,000
1,500
2,000
2,500
532
677
Final RulesNotices
55
4670
607
459 5
8671
1
572
,001
2,0
706
0
2,1
00
76
2,0
7194
2013 2014 2015 2016 2013 2014 2015 2016
Bloomberg Government helps government affairs and government sales professionals do their jobs
better. Understanding the nexus of energy, the environment and related policy and regulation is
critical for executives as these issues continue to grow in importance.
INDUSTRY VERTICALS
Venture Capital: Bloomberg Beta
Bloomberg’s venture capital firm, Bloomberg Beta, invests as early as possible in companies that
make businesses work better, with a particular focus on machine intelligence. Some investments
include cybersecurity, data analysis, professional development, sales support, audio media,
content discovery, back office operations (guided by machine intelligence) and robotics.
Bloomberg Beta has modeled itself after Bloomberg and treats its portfolio founders like
customers—with great care, trust and transparency. When asked if they were likely to recommend
Bloomberg Beta to others, its portfolio company founders responded with a resounding “yes,”
earning it a Net Promoter Score (NPS) of 88, a figure that has climbed every year. The firm has
also developed a unique methodology to predict who will start companies: now in its third year,
the Future Founders program uses a predictive model to identify those people most likely to
found a startup.
Every year, Bloomberg Beta releases the Machine Intelligence Landscape, showcasing industry
advances and shifts. In past years, it was mostly startup founders and academics—people who
pay attention to early, far-reaching trends in technology—who were interested. But this year we’ve
heard more from Fortune 500 executives with questions about machine intelligence than from
startup founders.
Bloomberg and think-tank New America partnered to convene a high-level group of experts
across policy, business, academia and technology—the Shift Commission on Work, Workers, and
Technology—to discuss scenarios for technology’s long-term effect on work. Kicking off at the
Bloomberg Technology Conference with a broad piece of proprietary research on trends for the
future of work, the group has held meetings across the U.S to discuss the availability, rewards
and role of work in the context of a broader healthy life. Ultimately, the Shift Commission is
developing a new way to think and talk about expected or possible changes in work. Our hope is
to give the coming discussions about the future of work a consistent vocabulary, so that we can
get to the heart of the issues as quickly as possible.
MEDIA
Media Overview
GRI: 203-1; G4-2
Bloomberg Media is the consumer-facing media organization of Bloomberg—the world’s leading
multi-platform media company for business and finance. Bloomberg Media draws on 2,600
journalists and analysts in more than 120 countries, delivering news across digital, TV, radio,
print magazines and live events. Our ability to quickly surface sustainability news and propagate
it using our media platform generates opportunities to educate and build dialogue across the
financial and business communities. These assets create a platform for syndicating coverage and
analysis of sustainability issues to different constituencies in business, finance, government and
others, providing them with critical insights into both the pressing issues of the moment as well
as deeper coverage of long-term economic, social and environmental trends.
Annual Number of Journalism AwardsTotal number of awards earned, 2007–2016
92
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
111105
81
154 154 153
167
103
170
50
100
150
200
Bloomberg earned a record number of awards in 2016, bolstered by the efforts of our Media business.
Journalism Awards DistributionTotal number of awards earned, 2007–2016
Digital Media BloombergBusinessweek
Design Honorary Pursuits Markets0
10
20
30
40
50
60
53 51
27
17 16
42
Our journalism awards extend across digital, media, print, and individual accomplishments.
MEDIA
Digital Media
GRI: XXX-XXX | SASB: XXXX-XXXX
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Bloomberg.com
Nations and companies face rising competition for strategic resources—energy, food, water,
materials—and the technologies that make best use of them. That’s sustainability. It’s about the
21st-century race for wealth, health and long-term security across the global grid. Bloomberg.com
publishes more than two dozen stories every day about how key 21st-century trends—the
booming global middle class, the race for natural resources, climate change—are encouraging
companies and governments to hone long-term strategies.
With reporters in more than 120 countries, Bloomberg.com is positioned to tell these stories
with unparalleled depth. In the United States, newly accessible shale oil and gas resources have
brought energy security closer to reality. In China, large cities choke on industrial pollution even
as renewable energy continues to grow. In Europe, climate change is already starting to reshape
agricultural patterns. And everywhere, companies and investors are gradually reinventing
financial reporting to increase transparency on issues of environment and social and corporate
governance (ESG).
Bloomberg View
Bloomberg View, Bloomberg’s opinion section, publishes unsigned editorials as well as bylined
commentary from regular columnists and occasional contributors. The subject matter is wide-
ranging, including global affairs, U.S. domestic issues and economic trends.
Bloomberg View’s editorial board has weighed in on many important and controversial
sustainability challenges. With a primary focus on specific controversies around energy, View
editorials have favored a carbon tax, a long-term policy on wind-production tax credits, federal
rules restricting greenhouse gas emissions from power plants and methane emission limits at
natural gas drilling sites.
Waging America’s Wars Using Renewable EnergyBy Eric Roston and Brian Eckhouse on bloomberg.com
Read the story here.
Russia Wins in a Retreat on Climate ChangeBy Noah Smith on bloomberg.com
Read the story here.
Bloomberg Technology
Bloomberg Technology, which launched in 2016, focuses on the business of global technology.
With more than 50 dedicated reporters and editors in 12 international bureaus, Bloomberg
Technology, uniquely, has the resources and expertise to provide in-depth coverage of not
only what’s next, but where’s next. The new sub-brand serves an audience of global business
decision-makers across all of Bloomberg Media’s platforms—digital, mobile, television, radio,
print and live events. It covers issues pertaining to technology’s impact on sustainability
initiatives.
Bloomberg Politics
Bloomberg Politics is a global political news site that seamlessly combines up-to-the-minute
news, original video, analysis, commentary, long-form features, polling, interactive graphics and
live streams. Bloomberg Politics leads political coverage across all Bloomberg platforms and has
focused on key energy and environmental political issues—most recently the Paris agreement on
climate change and the Dakota Access Pipeline debate.
Bloomberg Pursuits
Bloomberg Pursuits is a digital-first global lifestyle luxury brand, reaching more than three million
monthly unique viewers.
Here’s How Electric Cars Will Cause the Next Oil CrisisBy Tom Randall on bloomberg.com
While Earth’s Carbon Clock Ticks, Climate Danger Goes Missing From Election FightBy Eric Roston on bloomberg.com
Read the story here.
Tesla’s Betting You’ll Pay $9,000 for a Software UpgradeBy David Ingold
Read the story here.
MEDIA
Print Media
Bloomberg Businessweek
Bloomberg Businessweek offers a global perspective and comprehensive insights to help
business leaders profit from smarter, faster and more-informed decisions. Drawing on more
than 2,600 journalists in 120 countries, Bloomberg Businessweek covers the business world like
no one else—in print, online, mobile and events—and moderates global conversations through
content, context and collaboration.
Bloomberg Businessweek has integrated sustainability into every aspect of its news coverage.
The magazine’s reportage and analysis explore the business case for companies’ environmental
and social strategies and separates hype from reality. We closely follow public policy debates
both in Washington and the states. We explain the rise of China as a dominant market for and
producer of everything from renewable energy to consumer products.
Bloomberg Markets
Bloomberg Markets, which was relaunched in 2016 as a bi-monthly magazine, services and
enlightens Bloomberg Professional users around the world with a hyper-focused publication
about finance, banking, economics, and investing. Sustainability is a core area of coverage.
Highlights from the year include:
• A special “Industry Focus” in the September/October issue, produced in conjunction with
Bloomberg Intelligence, Bloomberg’s research platform providing analysis and data sets,
explored the field of Environmental, Social and Governance. The section turned readers
into savvy investors by enhancing their knowledge of ESG issues, which span everything
from energy efficiency to employee diversity, and highlighted related functionalities at for
Bloomberg Terminal users.
• In the November issue, a profile of Audrey Choi, chief executive officer of Morgan Stanley’s
Institute for Sustainable Investing, revealed that about 84 percent of millennials were
interested in sustainable investing. “They’re also twice as likely to invest in a stock or a fund if
sustainability is part of the value-creation thesis,” says Choi. In addition to being featured in
the article, Choi joined Bloomberg Markets at one of the magazine’s regular “Breakfast Club”
events.
Bloomberg Businessweek Cover
From a woke Wikipedia to reef preservation in the South China Sea, the Bloomberg Businessweek
“The Good Business Issue” is our reasonably hopeful end-of-year issue.
Bloomberg Markets Features
P H O T O G R A P H B Y G E O R G E S T E I N M E T Z
Power PlayDON’T LOOK DOWN, buddy—these things are huge! The five generators at the U.S.’s first offshore wind farm perch 360 feet above the surface of the Atlantic Ocean. (They need to be that high so the 240-foot-long blades they’re attached to have enough room to turn without taking out any passing pleasure craft.) In strong winds, the rotors can make as many as 11.5 revolutions per minute—which means the blade tips will be moving at about 200 miles per hour.
Block Island Wind Farm, located 3 miles south of the Rhode Island vacation spot and developed by Providence-based Deepwater Wind, was slated to start pumping out electricity at the end of November. When it does, its 30-megawatt capacity will be enough to power 17,000 homes.
Meanwhile, in November, the stock prices of wind and other renewable energy companies fell the most in six months after the election of Donald Trump, who has vowed to lift regulations on fossil fuels. For Bloomberg Intelligence analysis on how the Trump administration may affect wind companies, run {BI WIND <GO>}, and for research from Bloomberg New Energy Finance, go to {BNEF <GO>}. —Jon Asmundsson
P H O T O G R A P H B Y T O B I A S H U T Z L E R
Hello, Shortcut
WHEN THE SUN rose over the Caribbean Sea on July 25, the Maran Gas Apollonia was churning toward the new Panama Canal with a shipment of U.S. liquefied natural gas that it had loaded at Cheniere Energy’s Sabine Pass terminal in Louisiana. Tugs guided the 90,434-ton tanker into the first of the Panama Canal’s new Agua Clara Locks. The gates closed, and water filled the first chamber. That night the vessel passed through Gatun Lake and the new Cocoli Locks and entered the Pacific Ocean, becoming the first LNG tanker to transit the expanded shipping lane that opened in June. Built in 2014, the Royal Dutch Shell-chartered tanker is about 13 meters (43 feet) wider than the largest ships the old locks could handle. The expansion opens the Panama Canal to about 90 percent of the world’s LNG fleet, up from less than 10 percent. To learn more about the new trade route’s potential impact on the natural gas market, turn the page—and you can also run {COSY <GO>} to view sample commodities studies, including charts that let you track Sabine Pass flows and the drop in pricing since the canal’s expansion. —Jon Asmundsson
Bloomberg Markets features in 2016, include the transport of natural gas and the Block Island Wind Farm
MEDIA
Bloomberg TV
Bloomberg Television (BTV) is available in more than 437 million homes worldwide in more
than 70 countries. Bloomberg TV delivers 24 hours of continuous global business and financial
news, taking advantage of global reporting strengths and newsgathering assets. Bloomberg
TV’s regional hubs are in New York, London and Hong Kong. Our access to global markets,
business leaders and financial information allows us to identify critical news and related events.
Bloomberg TV covers global sustainability and clean energy through a unique lens, providing
insight into and analysis of emerging technologies, policies and trends. BTV also does in-depth
reporting on the major sustainability issues of our time through a business lens—from climate
policy on Capitol Hill and the emergence of electric cars in Detroit to carbon markets in Europe
and smart cities in Abu Dhabi.
In 2011, Bloomberg Television began airing Charlie Rose, which engages the world’s best thinkers,
writers, politicians, athletes, entertainers, business leaders, scientists and other newsmakers in
one-on-one interviews and roundtable discussions. The program often features guests who
discuss sustainability issues, such as former U.S. Energy Secretary Ernest Moniz, Chevron CEO
John Watson, Brian Greene, chairman and co-founder of the World Science Festival and others.
Bank of England Governor Mark Carney and Michael Bloomberg, founder and majority owner of Bloomberg News and its
parent company Bloomberg L.P., discuss the Task Force on Climate-Related Financial Disclosures with Bloomberg’s Francine
Lacqua in London.
MEDIA
Bloomberg Radio
Bloomberg Radio can be heard on its four flagship radio stations in New York, Washington, D.C.,
Boston and San Francisco. Bloomberg shows and short-form reports are also heard on more
300 top radio stations across the United States, including leading all-news radio stations in major
cities from coast to coast. We can also be heard nationally on SiriusXM satellite radio channel 119,
and internationally streaming live on the Internet and our Bloomberg Radio+ mobile app.
The Bloomberg Green Business Report is targeted to business leaders and investors who are
focused on the future regardless of the business they’re in—craving information on and insights
into the new green economy where social consciousness is a requirement. The report provides
a smart perspective on the changing ways nations and countries are doing business and offers a
crucial resource for forward-thinking audiences. Anchored by Bob Moon, the Bloomberg Green
Business Report examines the most important developments affecting our environment across
technology, politics, consumer trends and economics in a daily 60-minute morning report.
Bloomberg Radio
Tom Keene and Scarlet Fu host Bloomberg Radio
MEDIA
Events
Bloomberg leverages the resources of the news and media organization to convene events that
break news and generate content in live and digital formats. In 2016, we brought mainstage
conversation to our customers on topics such as leadership and the importance of incorporating
ESG into a company’s strategy.
The Year Ahead Summit
Hosted by Bloomberg editor-in-chief John Micklethwait, Bloomberg’s fourth-annual The Year
Ahead Summit addressed the most urgent topics for 2017 and beyond. How power shifts in
global politics will affect free trade and financial markets; industry-moving innovations in AI,
robotics, and life sciences; the biggest investment opportunities for 2017; and how organizations
are working to increase diversity, solve the skills gap, and decrease the wage gap.
The Year Ahead Summit
Samantha Power, U.S. Permanent Representative to the United Nations and member of President
Obama’s Cabinet spoke to the tough international challenges awaiting the next president in 2017.
The Year Ahead Summit
David Gura, a Correspondent for Bloomberg TV, moderated a panel discussion featuring Anne
Finucane, Vice Chairman, Bank of America and Andrea Illy, Chairman, illycaffe S.p.A. on why ESG is
good for business.
BNEF Future of Energy Summit
The Future of Energy Summit is the premier invitation-only forum convening thought leaders
from energy markets, industry, finance and policy. It is a year round, global experience powered
by Bloomberg New Energy Finance’s (BNEF) cutting edge research team as it explores the
shifting forces in the energy system and defines the implications for the energy community. Two
thousand attendees gather over the three Summits in New York, London and Shanghai.
2016 BNEF Future of Energy Summit
John Kerry, former Secretary of State in the Obama administration, speaking at the BNEF Future
of Energy Summit in New York.
2016 BNEF Future of Energy Summit
Tord Lien, Minister of Petroleum and Energy, Norway interviewed by Angus McCrone, BNEF at the
BNEF Future of Energy Summit in London.
Bloomberg BNA Sustainable Business Summit
In October 2016, Bloomberg convened senior business leaders, investors and financial decision-
makers, top government officials, influential media observers, and other key stakeholders in New
York to discuss how businesses are embedding sustainability initiatives that are both good for
business and good for society. The Summit focused on driving growth and profit opportunities
through sustainable social and environmental business practices, and what these developments
mean for investors.
Sustainability Business Summit Audience Demographics 2016
4%President
39%Senior Executive
24%C-Suite
22%Executive
1%Chairman
1%Founder
3%CMO, CSO, COO, CIO
7%CEO
15%Other
8%MDs/MPs
63% of attendance is C-suite and Senior Executives
Breakout of attendance for the New York Summit by role/level.
Sustainability Business Summit Audience Demographics 2016
32%Business
25%Finance
15%Consulting
10%Non-Profit
9%Government
4%Media/Communications
3%Academia
1%Other
57% of attendance comes from Business and Finance
Breakout of attendance for the New York Summit by industry.
Sustainable Business Summit 2016
Bottom Left: Michael R. Bloomberg, Founder of Bloomberg L.P., Philanthropist and three-term Mayor
of New York City, opens the 2nd Annual Bloomberg Sustainable Business Summit.
Sustainable Business Summit 2016
Bottom Right: Freya Williams, CEO of North America, Futerra, presents “How Smart Companies Turn
Sustainability into Billion Dollar Businesses” at the Bloomberg Sustainable Business Summit.
Sustainable Business Summit 2016
A selection of panelists and speakers at the Bloomberg and Bloomberg BNA Sustainable Business
Summit in New York. Top: Bruno Bertocci, Head of Sustainable Investors, UBS, Audrey Choi, CEO,
Institute for Sustainable Investing, Morgan Stanley, and Clara Miller, Director & President, Heron
Foundation, discuss, The “Financial Outcomes of Sustainable Investments,” with Bloomberg’s Emily
Chasan (not shown).
BCAUSE
BCause Overview
In 2014, we announced BCAUSE—a collaborative effort across our employee engagement
and social impact groups to achieve greater impact for our employees, our partners and our
communities. The world is increasingly interconnected and transparent—values that have defined
Bloomberg from day one. We have always believed in making connections—connecting investors
to better data, connecting users to the Terminal, connecting markets around the world.
Philanthropy & Engagement
Giving back has always been an integral part of who we are, inspired and led by our founder,
Michael Bloomberg. Our philanthropic initiatives bring together employees from across the
company for service activities in local communities to assist neighbors in need, to foster
stewardship in the cities around the world where we operate and to inspire the next generation
of leaders through a range of mentoring and education initiatives.
Diversity & Inclusion
Bloomberg’s diversity & inclusion efforts instill critical principles and behaviors into the
company’s culture, systems and policies. The Diversity & Inclusion team is broadening the
experience of inclusion for all employees, so that everyone has an opportunity to be heard and
successful. Focusing on recruitment, retention, development and advancement, diversity &
inclusion is wholly integrated into the company’s talent strategy.
Wellness
Bloomberg is committed to the well-being of employees and their families. We offer a
comprehensive suite of programs and tools for employees to manage their health, with the aim
of reducing risks and improving overall well-being. We have been able to develop a culture of
resilient, engaged employees who can succeed in a fast-paced, challenging environment.
Sustainability & the Environment
At Bloomberg, we are always looking for innovative ways to operate more efficiently,
simultaneously improving our financial and environmental performance while disproving the
myth that sustainability comes with a cost. More important, we are leveraging our unique role
as the leading provider of data, news and analytics to the business and financial communities—
increasing transparency and creating decision-useful information around sustainability risks and
opportunities. This is good for us and our partners: customers, employees, vendors and the
communities in which we work and live. It is just good business.
BCAUSE
Case Study: 35 Years of Bloomberg
October 1, 2016 marked the 35th anniversary of Bloomberg L.P. helping to revolutionize the
financial industry and bring transparency to the financial markets — making them more fair,
efficient and dynamic, a spirit we have carried into our philanthropic work.
We believe Bloomberg’s diverse workforce and open culture have always been essential to
innovation and the key to our success. Our philanthropic efforts since day one have been
focused on strengthening and enriching the communities in which we live and work. Some of our
earliest partners include Publicolor, Room to Read, Tate Modern and Doctors Without Borders,
a diverse group of organizations whose work has changed lives, touched millions and created
a lasting impact for generations around the world. Our employees have been the catalyst and
driving force behind these efforts, which have enriched us as a company, making us the dynamic,
energetic and culturally rich place we are today.
This page offers a snapshot of some innovations we have made at the company and the impact
we have had on the greater world over the last 35 years.
1982
Merrill Lynch becomes the first Bloomberg customer, with 22 terminals installed
Bloomberg Traveler launchesThis provides the Bloomberg Professional service for the first time on laptop computers
Bloomberg New launchesInitially as a six-person team
1980
1980 1990 2000 2010
1990 2000
1993
Bloomberg Radio goes on the air The first fully digital station devoted to business, finance, and the economy
Bloomberg Television launchesThe only 24-hour business and financial news channel
1994
Bloomberg Anywhere The service was introduced, providing subscribers biometrically secure access to the Bloomberg Professional service via the Internet anytime, anywhere.
2003
1996
Best of Bloomberg LaunchesMike Bloomberg and Bloomberg employees join Publicolor for the first Best of Bloomberg (BOB) volunteer project. Volunteers, students and sta� painted the walls of Thomas Je�erson High School in Brooklyn.
Bloomberg Message launchesThe original social network connecting decision makers to a dynamic network
1992
Bloomberg opens its first international o�ce in London, followed by Tokyo four months later
1987
Bloomberg L.P. is founded
1981
Bloomberg Philanthropies is established Bloomberg Philanthropies focuses on five key areas for creating lasting change:
• public health
• environment
• education
• government innovation
• arts & culture
2006
2013
Diversity & Inclusion LaunchesThis program establishing initiatives, communities (employee resource groups) and partnerships that help build an inclusive work environment.
1995
Bloomberg.com goes live
2004
Our Global Headquartersis completed731 Lexington Avenue, New York
2008
Bloomberg iPhone appThe Bloomberg iPhone app is the first to o�er global market data coverage and was available the day the Apple App Store opened.
Bloomberg’s San FranciscoAwarded Leadership in Energy and Environmental Design (LEED) Gold certification.
Startup Scholarship ProgramIn celebration of our 35th anniversary, we launched the Bloomberg Startup Scholarship program. In partnership with Bloomberg Philanthropies College Access and Success program, this initiative will provide scholarships to enable 35 high-achieving, low- to moderate-income students from around the world access to top universities.
2016
Bloomberg New Energy Finance launchesBNEF providing unique analysis, tools, and data to decision makers, driving change in the energy system
2009
Bloomberg BusinessweekBloomberg LP acquires Businessweek, renames it Bloomberg Businessweek, and integrates the magazine’s content into the Bloomberg Professional service
The Bloomberg Professional service Chosen to conduct the first-ever auction of UK Carbon Allowances for Phase II of the EU Emissions Trading Systems
Inaugural Tradebook Charity DayEvery year, Tradebook and the financial community supports those in need by donating trading commissions to a variety of Bloomberg-supported charities, now known as Tradebook Charity Day.
2011
Today, Bloomberg has employees in 192 locations around the world. 32% of employees sit in LEED certified o�ce space
Today we have 325,000 Bloomberg Professional service subscriptions
more than
5,000 stories are now published each day
In 2016, more than 11,000 employees dedicated over 128,000 hours of volunteer service in 74 cities around the world.
Since then we have completed 29 LEED certified projects —15 Platinum and 14 Gold.
over
$5 Million raised since its inception
PlatinumGold
2008 2016
Today, nearly 5,000 global employees are active across our Communities
Pan-Asian
Women
Latino
BlackProfessional
Abilities
LGBTand Ally
WorkingFamilies
MilitaryandVeterans
PHILANTHROPY & ENGAGEMENT
Local Action, Global Reach
GRI: 413-1
Bloomberg’s Philanthropy & Engagement program builds on the long-standing philanthropic
and service-focused commitment established at the company by founder Mike Bloomberg. Our
philanthropic initiatives engage employees from across the company in service activities in local
communities, assisting neighbors in need, fostering environmental stewardship in cities where
we have offices and inspiring the next generation of leaders through a range of mentoring and
education initiatives as part of Bloomberg Startup. Our work advances the company’s core values
of diversity and inclusion, sustainability, and wellness.
The mission of Bloomberg Philanthropies—which encompasses all of Michael Bloomberg’s
philanthropic activities, including his foundation, corporate, and personal giving—is “to
ensure better, longer lives for the greatest number of people.” The company’s Philanthropy &
Engagement program supports causes and efforts where we believe the greatest good can be
achieved to advance this goal.
Our volunteer engagement programs are global, with key hubs of activity in New York, London,
Princeton, San Francisco, Washington, D.C., São Paulo, Hong Kong, Tokyo and Singapore. In
2016, more than 11,000 employees dedicated 128,739 hours of volunteer service in 74 cities
around the world.
Learn more about Bloomberg’s history and and our long-term philanthropic partners.
Learn more about our global impact with our partners.
2016 Volunteering by the Numbers
1,700 Organizations
Employees Hours
0
10,000
2012 2014 2016 2012 2014 2016
20,00018,570Total Employees
11,120Unique Volunteers
15,617
5,057 5,163
7,556
9,800
15,65316,352
17,997
0
50,000
100,000
150,000
31,79737,908
57,227
86,845
128,739Hours
As our workforce continued to grow—nearly 20% over the past 5 years—so did our employees’
commitment to giving back in the local communities where we live and work.
PHILANTHROPY & ENGAGEMENT
Arts & Culture
Bloomberg works to advance creativity, innovation, access and new technologies in the arts. We
support more than 250 arts and cultural organizations in 44 cities globally that bring new energy
and economic activity to our communities. By funding innovative apps and guides at cultural
institutions through Bloomberg Connects, the Bloomberg Philanthropies art program works to
increase access to culture and strengthen arts organizations around the world. In 2016, hundreds
of our employees volunteered with our arts partners, including Bloomberg Summer at the
Roundhouse’s Curtain Call in London, MoMA PS1’s Rockaway! in Queens, the 32nd Annual São
Paulo Biennal and the Public Art Fund’s Lost Man Creek by Spencer Finch in Brooklyn, as well as
the testing and rollout of new Bloomberg Connects apps at the Tate Modern and SFMoma.
Arts & Culture
Bloomberg employee volunteers at MoMA PS1’s Rockaway! sponsored by
Bloomberg Philanthropies in New York.
PHILANTHROPY & ENGAGEMENT
Education
Inspired by our company’s history as a startup and leveraging our employees’ unique skills and
expertise, Bloomberg Startup is the company’s global mentoring program. Through Startup, we
provide a range of activities led and designed by our employees in collaboration with our non-
profit partners to support academic achievement and prepare students for further education and
careers in STEAM (science, technology, engineering, the arts, and mathematics fields), as well
as mentoring programs for mid-careers, entrepreneurs, teachers and veterans. Since its launch
in 2014, Startup has grown to more than 3,500 employee mentors, with workshops now held in
23 cities including Cape Town, Lugano, Pune, San Francisco, Singapore and Washington, D.C.
As part of our 35th anniversary, we launched a new Bloomberg Startup 35 Scholars program
to provide access to higher education for 35 high-achieving, low-income students globally in
partnership with Bloomberg Philanthropies.
Startup
Students from IkamvaYouth visit the Cape Town office for a Startup mentoring session with employee
volunteers in South Africa.
PHILANTHROPY & ENGAGEMENT
Health & Human Services
From community soup kitchens and blood drives to supporting veterans and raising emergency
relief funds, Bloomberg employees volunteer with organizations that strengthen communities in
need and address humanitarian issues on both local and international levels throughout the year.
In 2016, we expanded our outreach to veterans with partnerships, including Veterans Aid and
the Bob Woodruff Foundation. More than 850 Bloomberg volunteers helped expand support for
our homeless four-legged friends with partnerships with the Sean Casey Animal Rescue, RSCPA,
SAVE Animal Shelter and the Singapore SPCA. To assist refugees around the world, Bloomberg
employees took part in a language exchange program for refugees with our customers Deutsche
Bank and nonprofit partner Uber Den Tellerrand in Germany. Our program also provided
translation support for the Japan Association for Refugees in Tokyo and hosted job readiness
workshops with the International Rescue Committee in New York. In the wake of natural disasters,
Bloomberg employees raised $300,000 in support of the International Medical Corps, the
American Red Cross and the Italian Red Cross in their important recovery and rebuilding efforts
on the ground following devastating earthquakes in Japan, Ecuador and Italy, as well as in the
aftermath of Hurricane Matthew and torrential flooding in Louisiana.
In 2016, the Bloomberg legal department teamed up with Philanthropy & Engagement to
launch the department’s new Pro Bono volunteer program aimed at lending legal expertise
to support underserved communities. In its pilot year, the program provided more than 1,400
hours of volunteer legal services for various organizations such as CUNY Citizenship NOW!,
which provides immigration law services to eligible individuals and families on their path
toward U.S. citizenship. Other program partners include Bloomberg Philanthropies’ Cities for
Financial Empowerment Fund, City Bar Justice Center‘s Veterans Assistance and Neighborhood
Entrepreneur Law Projects, and Relationship Coffee Institute.
Learn more about our partners working to provide humanitarian aid around the world.
Learn more about our partners that support our neighbors most in need.
Health & Human Services Volunteering
Employees work to combat social isolation by visiting senior citizens at Casa Ondina Lobo in Sāo
Paulo, Brazil.
PHILANTHROPY & ENGAGEMENT
Sustainability & the Environment
Bloomberg is committed to global sustainability and environmental conservation in the
communities in which we live and work. In 2016, employees dedicated more than 8,000
hours of hands-on action supporting local greening efforts in 21 cities around the world. With
the adoption of local park areas such as Buckhill Meadow in Hyde Park with the Royal Parks
Foundation, the dedication of a new boat, christened the Lotus Bloom, with the Anacostia
Watershed Society and the cleanups of the Sydney Royal Botanic Garden in honor of its 200th
anniversary, Bloomberg employees are doing their part to preserve and restore our local
green spaces. Bloomberg has also taken a creative approach to recycling with our “Waste Not
Want It” program, which provided a platform for some of Europe’s most dynamic designers to
explore innovative ideas about recycling, sustainability and functional design. Thirty-seven artists
and designers created more than 40 new installations for the London office from a variety of
materials, including cable flexes, wooden pallets, keyboards and LCD screens.
Sustainability & the Environment Volunteering
Employees participate in local environmental stewardship projects witih organizations such as
Trees for Cities in London, England.
PHILANTHROPY & ENGAGEMENT
Bloomberg Media Initiative Africa
GRI: G4-M7
The Bloomberg Media Initiative Africa (BMIA) brings together business and media leaders,
academics and Bloomberg employees in News and Global Data to strengthen economic and
financial reporting in Africa and to improve access to information on the continent. The initiative
provides cross-disciplinary education programs and mid-career fellowships to increase the
number of highly trained business and financial journalists and convenes pan-African forums to
examine worldwide media best practices and support research to stimulate media innovations.
Since its inception, 432 journalists, business and government professionals have been trained
on the fundamentals of business reporting. Fourteen Bloomberg employees from across the
continent have volunteered their time and talent to deliver financial journalism trainings and to
conduct research in support of the program.
Bloomberg Media Initiative Africa
Bloomberg Media Initiative Africa
Africa Business Media Innovators 2016 panel “Platforms for Growth,” Naivasha, Kenya.
BMIA Media Fellows at the U.S.-Africa Business Forum, New York.
DIVERSITY & INCLUSION
The Difference That Difference Makes
Bloomberg drives disruptive innovation and breakthrough performance by embracing and
leveraging diversity in all its forms. We strive to create a culture that values difference, fosters
inclusion and promotes collaboration to drive business results. We work across regions to ensure
we are addressing local priorities that are consistent with local cultures. As Bloomberg’s global
client base becomes increasingly diverse, our focus on diversity & inclusion will help us stay
attuned and open to our clients’ rich and varied cultures, norms and business practices.
Diversity and Inclusion initiatives
The Bloomberg Military and Veterans Community hosted a class of West Point students at a forum
titled “Media in Politics” that featured General David Petraus as a guest speaker.
Diversity and Inclusion initiatives
Bloomberg attended the 2016 Grace Hopper conference in Houston, Texas, to support and advance
women in technology.
Diversity and Inclusion initiatives
The Dubai office participated in Wear Pink Day to support Cancer Awareness month.
Diversity and Inclusion initiatives
Bloomberg celebrated Black History month in London.
Diversity and Inclusion initiatives
Bloomberg wins Best Diversity & Inclusion Strategy Award at the Human Resources Management
Asia awards in Singapore.
DIVERSITY & INCLUSION
Increasing Awareness and Education
Bloomberg is committed to developing inclusive leaders and integrating diversity & inclusion
principles into all leadership development curricula. We provide tools on how to minimize bias
in the workplace and host educational sessions on being an authentic leader, managing across
differences and executive presence. Our unconscious bias training is offered to all employees
and mandatory for all our leaders. We leverage memberships to leading organizations such as
the National Center for Women & Information Technology, Out Leadership and the Council of
Urban Professionals, among others, thus helping our employees to deliver their best work.
We collaborate and learn from our strategic partners to drive innovation in the field and speed
our joint success; and we invest in meaningful and impactful research.
As a global initiative from the Diversity & Inclusion team, Unconscious Bias courses were held in
every region in offices from Tokyo to San Francisco, Frankfurt to Sāo Paulo along with interactive
web-based sessions for those in extremely distant locations. Through interactive exercises and
honest dialogue, leaders walked away with heightened awareness and tools for reducing the
negative impact of their own unconscious biases, thus ultimately fostering a more inclusive work
environment for all employees everywhere.
99.2%Manager Completion
Unconscious Bias TrainingPercent of managers trained by region
Create a safe environment to discuss issues of bias and exclusion.
Share research on unconscious bias.
Enhance your ability to engage in discussions about bias and inclusion.
Explore how biases may impact all segments of the employee life cycle
(e.g., recruitment, job assignments, career advancement, etc.).
The objectives of the Unconscious Bias training are to:
In a major effort, Bloomberg successfully trained 99.2% of managers on Unconscious Bias in 2016.
DIVERSITY & INCLUSION
Enhancing Organization Accountability
Each of our businesses implements a Diversity & Inclusion plan whereby they foster innovation
through creative ideas that support talent progression, product development and client
relationships. For example, in media, Bloomberg TV launched “Walk the Talk”—branded
segments focused on the pressure points of social change and the business imperative behind
diversity and inclusion. Editorial launched Moderator Training for women across APAC, an
initiative that raises the profile of our women leaders at conferences, events and summits and
helps build Bloomberg brand ambassadors.
We continue to make infrastructure modifications to improve comparability with text-to-speech
software for users with disabilities. For example, in 2016, a cross-functional Bloomberg team
worked with graduate students in a master’s program at Carnegie Mellon University in Human-
Computer Interaction. This innovative program worked to better understand and accommodate
Bloomberg Terminal users with disabilities. The students demoed their final creation, an app that
conveyed financial information to users with visual impairments, to senior leadership and then
launched the app online.
Bloomberg has a suite of policies that help support our employees’ needs. We have changed our
parental leave policy and enhanced the Bloomberg parent experience by offering parent and
manager training, among other initiatives. Bloomberg continues to actively review other policies
to ensure that they remain competitive and that Bloomberg is an employer of choice.
“Crossing the Thinnest Line” author Lauren Leader-Chivee discusses her book about diversity and inclusion in the U.S. She
speaks with Scarlet Fu on “Walk the Talk,” on “Bloomberg Markets.”
Colombia’s Ambassador to the United Nations Maria Emma Mejia discusses gender parity and advancing women at the
intergovernmental body. She speaks with Scarlet Fu on “Walk the Talk,” on “Bloomberg Markets.”
DIVERSITY & INCLUSION
Promoting an Inclusive Culture
Employees participate in various Diversity & Inclusion initiatives, including leadership
conferences and mentoring programs. In 2016, Bloomberg hosted more than 150 events focused
on commercial impact, leadership development, recruiting and community engagement to
facilitate dialogue and share research and thought leadership broadly. In our efforts to drive D&I
principles and behaviors into all company processes, Bloomberg incorporated diversity and
inclusion objectives into the performance evaluations of all people leaders in 2016.
In recognition of our efforts, Bloomberg was named one of the Best Places to Work for LGBT
Equality. We received a perfect score on the 2017 Corporate Equality Index (CEI), a benchmarking
survey and report on corporate policies and practices related to LGBT workplace equality
administered by the Human Rights Campaign Foundation. Bloomberg’s Black Professionals
Community was presented with The Crew Network Impact Award for their championing of
diversity and inclusion initiatives in London. In Singapore, we won the the Best Diversity &
Inclusion Strategy Award at the HRM Asia awards.
Bloomberg Celebrates Pride Month 2016
NOTE: https://www.youtube.com/watch?v=fVspAVrtRL0
Communities at Bloomberg
67 Citieswhere communities exist globally
84O�ces
46Chaptersfocused on commercial impact, leadership development, recruiting, brand visibility and community engagement
at Bloomberg
with communityparticipants
8Communities
15Executive Sponsorscollaborate on global strategic vision
are membersof communities
Nearly5,000Employees
Communities are employee-run forums where employees serve as culture carriers, role models and brand ambassadors through employee engagement activities; they also expand their professional network and enhance leadership and management skills.
Military and Veterans Community
Pan-Asian Community
Women’s Community
Working Families Community
Abilities Community
Black Professional Community
Latino Community
LGBT and Ally Community
Membership in Bloomberg Communities increased 23% from 2015 to 2016.
Black British Business Awards 2016
DIVERSITY & INCLUSION
Attracting Diverse Talent
We are focused on building strong, diverse teams in which employees feel valued and engaged.
Bloomberg partners with strategic diversity organizations globally to broaden and strengthen
our talent pipeline at all levels. In an effort to enhance our talent pipeline, Bloomberg has
invested in technology and new processes and has hosted and attended multiple events focused
on diversity recruiting. To date, these efforts have resulted in more than 95,000 prospects.
In 2016, we leveraged our Community members to serve as cultural ambassadors in the
Connector Program. Two hundred and seventy-nine interns were provided mentorship from
Community members in New York, Princeton and London. The goal of this program is to provide
interns with a robust internship experience that fosters personal and professional development.
Additionally, we focused on:
• Adding new campus partnerships such as Morehouse, Spelman and Howard universities
• Adding new external partnerships such as Emma Bowen, Forte, Prospanica, Jopwell and 100
Women in Finance, among others, that help lead to increases in diverse hiring across the U.S.
• Enhancing our job description creation process to reduce bias and attract a more diverse
candidate slate
• Continuing to educate our recruiting professionals and hiring managers on best practices
• Increasing diversity across entry-level programs through our mentoring partner organizations
in the U.S and U.K.
Representation and Retention
Global Gender Ratio
68.4%Men
31.6%Women
U.S. Ethnicity Ratio
57.4%White
29.2%Asian
5.8%Hispanic
4.0%Other
3.7%Black
The representation statistics are as of December 31, 2016. The gender statistics are global; the
ethnicity statistics are U.S. only.
BENEFITS & WELLNESS
Comprehensive Benefits
GRI: 401-2
At Bloomberg, we expect our employees to go above and beyond to make their mark as we
enter new markets, launch new ventures and push boundaries. In return, Bloomberg offers
benefits that go above and beyond to ensure our employees, and their families’ health, well-
being and financial security.
All full-time employees can take advantage of comprehensive health, dental and vision
coverage, disability and life insurance, a retirement savings plan with a generous company
match (including an ESG fund in the core U.S. lineup) and an array of complementary benefits,
wellness programs and services. We remain focused on delivering competitive benefit programs
in varied environments to attract, engage and retain employees, while controlling costs and
improving operational efficiencies. Our supplemental benefits vary from region to region,
based on the market, population and employee needs. In the U.S., Bloomberg offers several
innovative benefits to provide convenient and cost-effective services to our employees, including
telemedicine, a health advocacy service and additional voluntary benefits.
• Telemedicine provides employees and their dependents 24/7 convenient access and cost-
effective clinical health care. Using video, phone, emails and mobile apps, doctors can
diagnose, recommend treatment and prescribe medication for certain common ailments
through this service. Telemedicine is particularly helpful for employees who don’t have
access to an on-site health center (which are available in larger office locations), on nights and
weekends and when traveling.
• The health advocacy service assists employees and their family members in navigating health
care and insurance issues. For example, they can help our members find an in-network doctor
and specialist, understand their medical bills—even negotiate on their behalf.
• Voluntary benefits offer group savings and discounts to Bloomberg families for a range of
insurance options such as legal services, auto and home insurance, pet insurance and more.
Bloomberg continually improves the enrollment process to provide employees an online
environment to make benefit elections, update/view beneficiaries and review their benefits year-
round—thus eliminating any paper enrollment.
BENEFITS & WELLNESS
Wellness & Family/Life Programs
GRI: 401-2
Bloomberg provides a comprehensive suite of programs for employees and dependents to
improve their health and well-being, reduce risks and manage work/family demands. Focusing
on prevention, healthy lifestyles and positive mental health is important in managing health
care costs and in creating a culture of resilient and engaged people. Health Track, our wellness
incentive program for U.S. employees, provides recommendations about health and risks for
chronic conditions and education to help employees harness the full power of their benefits.
With the use of incentives, an average of 84.5% of U.S. employees completed the program
between 2012 and 2016.
At Bloomberg, all employees globally have access to “core” wellness-related benefits, including
an Employee Assistance Program that provides confidential counseling and work/life referrals,
ergonomics training and assessments, lifestyle and preventive programs such as health
screenings, flu shots and smoking-cessation.
In the majority of global locations, Bloomberg provides fitness-related discounts (e.g., gym,
cycling, sports teams, and weight loss programs) and subsidies for Bloomberg teams and
leagues to encourage physical activity, fun and friendly competition outside of the office. In
2016, we implemented a new global wellness challenge platform to connect our employees
and get them moving through fun and friendly competition. Approximately 11% of employees
participated in each challenge by downloading the app or creating an online account and
syncing a wearable device or other digital health tools. Challenge winners earn global bragging
rights in addition to some smaller prizes based on performance and some that are also awarded
at random.
In 2016, Bloomberg also launched Thrive, a custom well-being mobile app, in the U.S., Latin
America and Canada to serve as our wellness platform. Participants receive incentives and
rewards for taking healthy actions (e.g., tracking sleep, steps, nutrition, etc.) and participating
in well-being programs. In the first 6 months, 36% of eligible employees activated their Thrive
accounts and took steps toward better health. By the end of 2016, 88% of employees were
on the platform; the jump in enrollment was largely driven by participation in our new health
assessment, which is one of the components of Health Track.
Another key area of focus for Bloomberg is supporting an individual’s work/life needs across all
major life events. We offer programs and resources for our employees and their families (which
vary by location) for fertility, adoption, lactation, parenting, child care, education and adult/elder
care.
In 2016, we debuted our first global working families campaign and enhanced the parenting
experience. During this campaign to showcase our support and resources for working families,
we launched a new Parent Transition Coaching service in the U.K. and U.S., created new parent
and manager tool kits for parental leave, offered a number of special events and filmed a video
featuring our Chairman and members of the Working Families Community. This campaign was
the result of months of work to identify opportunities to improve the parenting experience in an
effort to increase the recruitment, retention and engagement of working parents.
Bloomberg Global Wellness Challenge
Employees formed teams to join our first global wellness challenge, Wander the Wonders, where
every step advanced participants through a series of exotic locations to the finish line.
BENEFITS & WELLNESS
On-site Services & Events
GRI: 401-2
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In locations where we have a larger footprint, we offer many on-site wellness services and
resources. These complementary and convenient services allow our employees to proactively
manage their health and well-being while still remaining productive at work. Bloomberg, with
our vendor partners, operates four health centers in the U.S. and London staffed by experienced
health care providers (i.e., physician, nurse practitioner and physician assistant). In our New York
and New Jersey offices, we have five full-time on-site wellness coaches providing consultation to
employees on a wide range of topics. In London, we offer a well-utilized on-site physiotherapy
service alongside our acute and episodic care center. Also in New York, we have an on-site EAP
counselor available for confidential counseling and support. On-site events cover topics such
as musculoskeletal health, smoking cessation, ways to stay fit and manage stress and preparing
for parenthood. At many locations globally, we also offer on-site flu shots and preventive health
screenings.
We offer seasonal community-supported agriculture (CSA) programs in four offices; these CSAs
support local farms and promote healthy, “local” eating habits. In addition to these programs,
all major Bloomberg offices have private and secure lactation rooms and, in some locations,
quiet rooms.
Wellness Coaching 2016 Participation and Results 1,909 employees coached with 13,817 interactions
997 employees lost 8,239 lbs
835employees increased exercise
193employees lowered blood pressure
233employees reduced stress
Bloomberg provides five full-time on-site wellness coaches in New York and New Jersey to help
employees develop personalized health-improvement plans in areas like nutrition, weight loss,
fitness, stress management and more.
TALENT DEVELOPMENT
Developing Our Employees
GRI: 404-2
Our goal is to offer learning and development opportunities that help employees perform at
their best and enjoy fulfilling careers. Our development efforts focus on providing on-the-job
learning, coaching/mentoring and formal skill building with online and classroom events. Our
learning organization consists of an enterprise-wide Talent Development group in our Human
Resources department as well as business-specific training teams in Sales, Data, News and
Technology. We also offer leadership, professional, business and technical skills development
through Bloomberg University, our online development portal. We provide a wide range of
online resources that promote self-directed learning and development and continually strive to
leverage new and innovative technologies that improve discoverability of content and increase
the impact of learning.
All new Bloomberg employees participate in an orientation program designed to ease and
accelerate their transition. Many Bloomberg departments also run their own role-specific training
to give new employees the knowledge and skills they need to be successful. For example, in our
Financial Software Developer Program, recent graduates learn about real-time data processing,
databases, networking and graphics technologies. The experience includes time in lectures and
labs, as well as hands-on work with colleagues on various projects.
All employees receive regular performance evaluations. We also provide tuition reimbursement to
full-time employees for pre-approved courses and certifications that help them to develop in-role and
beyond. To qualify, employees must be in good standing and attain a grade of B or above.
MindToolsOnline & Mobile Learning Platform
Mind Tools, launched in 2016, is a library of 2,000+ articles, videos, podcasts, quizzes and
workbooks to help employees develop the leadership and professional skills critical to their success.
COMMUNICATIONS
Employee Communications
The Employee Communications team informs, engages, enables and inspires Bloomberg
employees. It informs employees about the business, the market and our products; it engages
employees in a dialogue of ideas that spans the globe; it inspires world-class customer service,
public service and an appreciation for the high-energy culture of our firm. Our information and
engagement platform reaches our more than 18,000 employees worldwide and includes an
internal employee newswire on the Bloomberg Terminal, email newsletters reaching targeted
audiences, digital signage on screens in all major offices and videos that appear on an internal
video platform and our YouTube channel, Inside Bloomberg.
Our communications are data-driven, actionable, sensitive to employee time and attention
and creatively designed. We constantly seek to discover employee needs through a feedback
loop of surveys, web traffic monitoring and focus groups in order to create the programs
and communications content that will energize and benefit Bloomberg employees globally.
Importantly, we have more than 250 employee contributors to our channels. This gives
employees a voice, builds engagement and authenticity and provides an opportunity for
employee recognition.
Policies
The Bloomberg Global Core Guide provides employees with information about their
employment terms, benefits and responsibilities. Supplements address specific local issues.
In addition, detailed global and regional policies are available to all employees via an internal-
facing Human Resources function on the Bloomberg Terminal. The Human Resources team
ensures that all employees are up-to-date on compliance and related training activities.
Human rights are a fundamental concern for Bloomberg in its relationship with employees and
suppliers. We protect the human rights of our employees by providing equal opportunities and
a safe and inclusive workplace. Bloomberg complies with all applicable laws and regulations
on forced and child labor, as well as the rights of employees to unionize in the workplace. All
employees receive mandatory training about harassment and cultural sensitivity. Employees
may take additional courses to learn more about equal employment opportunity issues through
Bloomberg University, our online training portal.
The Bloomberg General Standards of Conduct and Ethical Behavior sets out the standards we
expect our employees to follow. It requires Bloomberg employees to conduct themselves and
our business at the highest ethical level, with integrity and within guidelines that prohibit actual
or potential conflicts of interest or the perception of impropriety.
The policy provides clear channels for raising concerns internally. Employees can also raise
concerns, ask questions or report misconduct using a hotline that is available 24 hours a day,
7 days a week. All calls are confidential and employees can choose to remain anonymous.
Employee Communications
ONBB is the main source of news about our company, products, people and interactions with the
communities in which we live and work. News is shared via newswire and weekly newsletters.
BY THE NUMBERS
Performance by the Numbers
Corporate SummaryUnit of Measure 2016 2015 2014 2013 2012
2007 Baseline
% change vs. 2007
Average Full-Time Employees 18,571 17,997 16,352 15,671 15,510 9,719 91.08%Average All-In Employees 20,267 19,942 18,111 17,496 17,153 10,277 97.20%Revenue ($Million) 9,757 9,450 9,045 8,590 8,255 5,446 79.17%
Total FacilitiesUnit of Measure 2016 2015 2014 2013 2012
2007 Baseline
% change vs. 2007
Total Facilities CO₂e Metric Tonnes (MT) of CO₂e
107,043 114,773 113,806 108,852 110,848 104,258 2.67%
Facilities CO₂e/ All-In Employees
MT/All-In Employees
5.28 5.76 6.28 6.22 6.46 10.14 −47.93%
Electricity Consumed
Kilowatt Hrs. (kWh)
300,537,460 299,335,919 286,644,356 267,396,199 265,930,842 226,768,598 32.53%
Electricity Consumed/ All-In Employees
Kilowatt Hrs./All-In Employees
14,829 15,011 15,827 15,283 15,504 22,065 −32.79%
Gross CO₂e from Electricity
MT of CO₂e
102,863 109,916 107,589 103,753 103,956 100,170 2.69%
Electricity CO₂e/ All-In Employees
MT/All-In Employees
5.08 5.51 5.94 5.93 6.06 9.75 −47.93%
CO₂e from Non-Electrical Power
MT of CO₂e
4,180 4,858 6,218 5,099 6,892 4,088 2.26%
Business TravelUnit of Measure 2016 2015 2014 2013 2012
2007 Baseline
% change vs. 2007
Total Travel Miles Traveled
169,096,061 184,955,625 149,763,642 140,274,056 125,174,301 79,504,347 112.69%
Travel CO₂e MT of CO₂e
50,308 54,231 43,941 41,649 33,901 24,730 103.43%
Travel CO₂e/ Full-Time Employees
MT/FT Employees
2.71 3.01 2.69 2.66 2.19 2.54 6.46%
Inter-City Travel Miles Traveled
163,505,517 178,041,319 143,575,591 133,642,330 118,728,318 73,641,875 122.03%
CO₂e from Inter-City Travel
MT of CO₂e
48,266 51,705 41,631 39,131 31,471 22,527 114.26%
Intra-City Travel Miles Traveled
5,590,543 6,914,306 6,188,051 6,631,726 6,445,983 5,862,472 -4.62%
CO₂e from Intra-City Travel
MT of CO₂e
2,041 2,525 2,310 2,518 2,430 2,203 7.31%
Paper ConsumptionUnit of Measure 2016 2015 2014 2013 2012
2007 Baseline
% change vs. 2007
Global Paper Consumption
Lbs. of Paper Used
17,576,690 19,666,169 21,142,901 23,243,854 24,501,458 5,696,800 208.54%
Global Paper CO₂e MT of CO₂e
23,108 25,822 27,830 30,432 32,222 8,392 175.36%
Bloomberg Markets Consumption
Lbs. of Paper Used
2,773,107 3,598,694 3,765,000 3,905,966 3,665,253 4,694,031 -40.92%
Bloomberg Markets CO₂e
MT of CO₂e
3,684 4,781 5,006 5,148 4,851 7,183 -48.71%
Businessweek Consumption
Lbs. of Paper Used
13,365,950 14,278,398 15,626,425 17,204,732 18,815,850 N/A -23.29%
Businessweek CO₂e MT of CO₂e
17,758 18,970 20,775 22,768 24,992 N/A -33.40%
BBNA Publishing Consumption
Lbs. of Paper Used
717,267 984,777 1,007,404 1,259,678 1,170,723 N/A -38.73%
BBNA Publishing CO₂e
MT of CO₂e
900 1,226 1,254 1,596 1,488 N/A -39.51%
BLP Ink Consumption
Lbs. of Paper Used
402,442 519,221 421,456 542,425 521,594 481,517 -16.42%
BLP Ink CO₂e MT of CO₂e
461 586 485 588 518 694 -33.58%
BLP Press Consumption
Lbs. of Paper Used
N/A N/A N/A N/A N/A 184,000 N/A
BLP Press CO₂e MT of CO₂e
N/A N/A N/A N/A N/A 245 N/A
Global Office Paper Consumption
Lbs. of Paper Used
317,925 285,079 322,617 349,053 328,039 337,252 -5.73%
Global Office Paper CO₂e
MT of CO₂e
304 259 311 332 372 269 13.17%
Global Office Paper/ All-In Employees
Lbs. Used/All-In Employees
15.69 14.30 17.81 19.95 19.12 32.81 -52.20%
Supply ChainUnit of Measure 2016 2015 2014 2013 2012
2007 Baseline
% change vs. 2007
Total Shipments CO₂e
MT of CO₂e
9,267 10,438 10,722 11,036 12,195 7,683 20.62%
Total Items Shipped # of Line Items
713,895 705,164 598,422 527,375 487,280 411,884 73.32%
Total Weight Shipped
MT Shipped
10,102 10,490 8,883 7,420 6,841 8,535 18.35%
Weight of Ground/ Sea Shipments
MT Shipped
9,399 9,760 8,265 6,817 6,284 7,892 19.09%
Ground/ Sea Shipments CO₂e
MT of CO₂e
1,387 1,625 1,369 1,161 1,075 1,855 -25.24%
Weight of Air Shipments
MT Shipped
703 730 618 604 556 643 9.30%
Air Shipments CO₂e MT of CO₂e
1,252 1,467 1,237 1,167 985 1,482 -15.53%
Markets Magazine Distribution
Annual Print Run
4,091,675 4,949,737 5,398,300 6,161,040 5,712,741 4,800,220 -14.76%
Markets Magazine Distribution CO₂e
MT of CO₂e
2,561 2,786 3,110 3,224 4,076 4,345 -41.06%
Businessweek Distribution
Annual Print Run
45,377,634 46,593,729 49,597,016 52,011,705 54,028,043 N/A -10.06%
Businessweek Distribution CO₂e
MT of CO₂e
4,066 4,560 5,007 5,484 6,059 N/A -31.32%
WasteUnit of Measure 2016 2015 2014 2013 2012
2007 Baseline
% change vs. 2007
Total Global Waste MT of Waste
6,060 5,925 5,159 5,363 5,557 N/A 37.96%
% of Total Global Waste Diverted
Diverted Waste/Total Global Waste
75% 76% 77% 80% 80% N/A 45.74%
Global Landfill Waste
MT of Waste
1,486 1,395 1,183 1,055 1,137 2,250 -33.96%
Global Landfill Waste/ All-In Employees
Kg Waste/ All-In Employees
73 70 65 60 66 219 -66.51%
Global Landfill Waste CO₂e
MT of CO₂e
1,633 1,533 1,300 1,160 1,249 2,473 -33.96%
Global “Waste-to-Energy”
MT of Waste
970 957 1,070 1,211 1,031 N/A N/A
Global Recycling MT of Recycling
2,908 2,971 2,403 2,518 2,962 N/A 29.85%
Global Recycling/ All-In Employees
Kg Recycling/ All-In Employees
144 149 133 144 173 N/A -30.62%
Global Compost MT of Compost
695 602 502 579 427 N/A N/A
Global Compost/ Applicable Employees
Kg Compost/Applicable Employees
46 46 44 50 37 N/A N/A
Total CO₂e 191,359 206,797 197,599 193,129 190,415 147,536 30.90%
Performance by the Numbers
Comments
• Avg. all-in employees includes
part-time, contractors, etc.
• Electricity consumed includes all
components of facilities (R&D, is,
networks)
• CO₂e from non-electric power includes
natural gas, steam, oil, refrigerants
• Inter-city travel (between cities) includes
commercial air, private aircraft and rail
• Intra-city travel (within cities) includes
car rental, car service, taxi and field
service car miles
• Businessweek consumption:
Businessweek acquired December 2009
• BBNA publishing consumption:
BBNA acquired September 2011
• BLP press paper consumption: BLP press
discontinued in-house year-end 2009
• Supply chain includes BLP Ink shipping
data; Businessweek distribution began
in December 2009
• Diverted waste is waste that is recycled,
composted or sent to waste-to-energy
• Landfill waste is any waste that cannot
be recycled or composted or sent to
waste-to-energy
• Waste-to-energy began in London in
2011 and at 731 Lexington in 2012
• No CO₂e associated with recycling—
includes e-waste, metals, plastic, glass,
paper and cardboard
• Headcount figures for composting
NYC (hc: 8,203), Upstate NY (hc: 48),
Washington, DC area (hc: 1,238),
SF (hc: 278), London (hc: 2,686),
Tokyo (hc: 591), Johannesburg (hc: 68),
Cape Town (hc: 52), Milan (hc: 19)
Corporate SummaryUnit of Measure 2016 2015 2014 2013 2012
2007 Baseline
% change vs. 2007
Average Full-Time Employees 18,571 17,997 16,352 15,671 15,510 9,719 91.08%Average All-In Employees 20,267 19,942 18,111 17,496 17,153 10,277 97.20%Revenue ($Million) 9,757 9,450 9,045 8,590 8,255 5,446 79.17%
Total FacilitiesUnit of Measure 2016 2015 2014 2013 2012
2007 Baseline
% change vs. 2007
Total Facilities CO₂e Metric Tonnes (MT) of CO₂e
107,043 114,773 113,806 108,852 110,848 104,258 2.67%
Facilities CO₂e/ All-In Employees
MT/All-In Employees
5.28 5.76 6.28 6.22 6.46 10.14 −47.93%
Electricity Consumed
Kilowatt Hrs. (kWh)
300,537,460 299,335,919 286,644,356 267,396,199 265,930,842 226,768,598 32.53%
Electricity Consumed/ All-In Employees
Kilowatt Hrs./All-In Employees
14,829 15,011 15,827 15,283 15,504 22,065 −32.79%
Gross CO₂e from Electricity
MT of CO₂e
102,863 109,916 107,589 103,753 103,956 100,170 2.69%
Electricity CO₂e/ All-In Employees
MT/All-In Employees
5.08 5.51 5.94 5.93 6.06 9.75 −47.93%
CO₂e from Non-Electrical Power
MT of CO₂e
4,180 4,858 6,218 5,099 6,892 4,088 2.26%
Business TravelUnit of Measure 2016 2015 2014 2013 2012
2007 Baseline
% change vs. 2007
Total Travel Miles Traveled
169,096,061 184,955,625 149,763,642 140,274,056 125,174,301 79,504,347 112.69%
Travel CO₂e MT of CO₂e
50,308 54,231 43,941 41,649 33,901 24,730 103.43%
Travel CO₂e/ Full-Time Employees
MT/FT Employees
2.71 3.01 2.69 2.66 2.19 2.54 6.46%
Inter-City Travel Miles Traveled
163,505,517 178,041,319 143,575,591 133,642,330 118,728,318 73,641,875 122.03%
CO₂e from Inter-City Travel
MT of CO₂e
48,266 51,705 41,631 39,131 31,471 22,527 114.26%
Intra-City Travel Miles Traveled
5,590,543 6,914,306 6,188,051 6,631,726 6,445,983 5,862,472 -4.62%
CO₂e from Intra-City Travel
MT of CO₂e
2,041 2,525 2,310 2,518 2,430 2,203 7.31%
Paper ConsumptionUnit of Measure 2016 2015 2014 2013 2012
2007 Baseline
% change vs. 2007
Global Paper Consumption
Lbs. of Paper Used
17,576,690 19,666,169 21,142,901 23,243,854 24,501,458 5,696,800 208.54%
Global Paper CO₂e MT of CO₂e
23,108 25,822 27,830 30,432 32,222 8,392 175.36%
Bloomberg Markets Consumption
Lbs. of Paper Used
2,773,107 3,598,694 3,765,000 3,905,966 3,665,253 4,694,031 -40.92%
Bloomberg Markets CO₂e
MT of CO₂e
3,684 4,781 5,006 5,148 4,851 7,183 -48.71%
Businessweek Consumption
Lbs. of Paper Used
13,365,950 14,278,398 15,626,425 17,204,732 18,815,850 N/A -23.29%
Businessweek CO₂e MT of CO₂e
17,758 18,970 20,775 22,768 24,992 N/A -33.40%
BBNA Publishing Consumption
Lbs. of Paper Used
717,267 984,777 1,007,404 1,259,678 1,170,723 N/A -38.73%
BBNA Publishing CO₂e
MT of CO₂e
900 1,226 1,254 1,596 1,488 N/A -39.51%
BLP Ink Consumption
Lbs. of Paper Used
402,442 519,221 421,456 542,425 521,594 481,517 -16.42%
BLP Ink CO₂e MT of CO₂e
461 586 485 588 518 694 -33.58%
BLP Press Consumption
Lbs. of Paper Used
N/A N/A N/A N/A N/A 184,000 N/A
BLP Press CO₂e MT of CO₂e
N/A N/A N/A N/A N/A 245 N/A
Global Office Paper Consumption
Lbs. of Paper Used
317,925 285,079 322,617 349,053 328,039 337,252 -5.73%
Global Office Paper CO₂e
MT of CO₂e
304 259 311 332 372 269 13.17%
Global Office Paper/ All-In Employees
Lbs. Used/All-In Employees
15.69 14.30 17.81 19.95 19.12 32.81 -52.20%
Supply ChainUnit of Measure 2016 2015 2014 2013 2012
2007 Baseline
% change vs. 2007
Total Shipments CO₂e
MT of CO₂e
9,267 10,438 10,722 11,036 12,195 7,683 20.62%
Total Items Shipped # of Line Items
713,895 705,164 598,422 527,375 487,280 411,884 73.32%
Total Weight Shipped
MT Shipped
10,102 10,490 8,883 7,420 6,841 8,535 18.35%
Weight of Ground/ Sea Shipments
MT Shipped
9,399 9,760 8,265 6,817 6,284 7,892 19.09%
Ground/ Sea Shipments CO₂e
MT of CO₂e
1,387 1,625 1,369 1,161 1,075 1,855 -25.24%
Weight of Air Shipments
MT Shipped
703 730 618 604 556 643 9.30%
Air Shipments CO₂e MT of CO₂e
1,252 1,467 1,237 1,167 985 1,482 -15.53%
Markets Magazine Distribution
Annual Print Run
4,091,675 4,949,737 5,398,300 6,161,040 5,712,741 4,800,220 -14.76%
Markets Magazine Distribution CO₂e
MT of CO₂e
2,561 2,786 3,110 3,224 4,076 4,345 -41.06%
Businessweek Distribution
Annual Print Run
45,377,634 46,593,729 49,597,016 52,011,705 54,028,043 N/A -10.06%
Businessweek Distribution CO₂e
MT of CO₂e
4,066 4,560 5,007 5,484 6,059 N/A -31.32%
WasteUnit of Measure 2016 2015 2014 2013 2012
2007 Baseline
% change vs. 2007
Total Global Waste MT of Waste
6,060 5,925 5,159 5,363 5,557 N/A 37.96%
% of Total Global Waste Diverted
Diverted Waste/Total Global Waste
75% 76% 77% 80% 80% N/A 45.74%
Global Landfill Waste
MT of Waste
1,486 1,395 1,183 1,055 1,137 2,250 -33.96%
Global Landfill Waste/ All-In Employees
Kg Waste/ All-In Employees
73 70 65 60 66 219 -66.51%
Global Landfill Waste CO₂e
MT of CO₂e
1,633 1,533 1,300 1,160 1,249 2,473 -33.96%
Global “Waste-to-Energy”
MT of Waste
970 957 1,070 1,211 1,031 N/A N/A
Global Recycling MT of Recycling
2,908 2,971 2,403 2,518 2,962 N/A 29.85%
Global Recycling/ All-In Employees
Kg Recycling/ All-In Employees
144 149 133 144 173 N/A -30.62%
Global Compost MT of Compost
695 602 502 579 427 N/A N/A
Global Compost/ Applicable Employees
Kg Compost/Applicable Employees
46 46 44 50 37 N/A N/A
Total CO₂e 191,359 206,797 197,599 193,129 190,415 147,536 30.90%
Performance by the Numbers
Comments
• Avg. all-in employees includes
part-time, contractors, etc.
• Electricity consumed includes all
components of facilities (R&D, is,
networks)
• CO₂e from non-electric power includes
natural gas, steam, oil, refrigerants
• Inter-city travel (between cities) includes
commercial air, private aircraft and rail
• Intra-city travel (within cities) includes
car rental, car service, taxi and field
service car miles
• Businessweek consumption:
Businessweek acquired December 2009
• BBNA publishing consumption:
BBNA acquired September 2011
• BLP press paper consumption: BLP press
discontinued in-house year-end 2009
• Supply chain includes BLP Ink shipping
data; Businessweek distribution began
in December 2009
• Diverted waste is waste that is recycled,
composted or sent to waste-to-energy
• Landfill waste is any waste that cannot
be recycled or composted or sent to
waste-to-energy
• Waste-to-energy began in London in
2011 and at 731 Lexington in 2012
• No CO₂e associated with recycling—
includes e-waste, metals, plastic, glass,
paper and cardboard
• Headcount figures for composting
NYC (hc: 8,203), Upstate NY (hc: 48),
Washington, DC area (hc: 1,238),
SF (hc: 278), London (hc: 2,686),
Tokyo (hc: 591), Johannesburg (hc: 68),
Cape Town (hc: 52), Milan (hc: 19)
Corporate SummaryUnit of Measure 2016 2015 2014 2013 2012
2007 Baseline
% change vs. 2007
Average Full-Time Employees 18,571 17,997 16,352 15,671 15,510 9,719 91.08%Average All-In Employees 20,267 19,942 18,111 17,496 17,153 10,277 97.20%Revenue ($Million) 9,757 9,450 9,045 8,590 8,255 5,446 79.17%
Total FacilitiesUnit of Measure 2016 2015 2014 2013 2012
2007 Baseline
% change vs. 2007
Total Facilities CO₂e Metric Tonnes (MT) of CO₂e
107,043 114,773 113,806 108,852 110,848 104,258 2.67%
Facilities CO₂e/ All-In Employees
MT/All-In Employees
5.28 5.76 6.28 6.22 6.46 10.14 −47.93%
Electricity Consumed
Kilowatt Hrs. (kWh)
300,537,460 299,335,919 286,644,356 267,396,199 265,930,842 226,768,598 32.53%
Electricity Consumed/ All-In Employees
Kilowatt Hrs./All-In Employees
14,829 15,011 15,827 15,283 15,504 22,065 −32.79%
Gross CO₂e from Electricity
MT of CO₂e
102,863 109,916 107,589 103,753 103,956 100,170 2.69%
Electricity CO₂e/ All-In Employees
MT/All-In Employees
5.08 5.51 5.94 5.93 6.06 9.75 −47.93%
CO₂e from Non-Electrical Power
MT of CO₂e
4,180 4,858 6,218 5,099 6,892 4,088 2.26%
Business TravelUnit of Measure 2016 2015 2014 2013 2012
2007 Baseline
% change vs. 2007
Total Travel Miles Traveled
169,096,061 184,955,625 149,763,642 140,274,056 125,174,301 79,504,347 112.69%
Travel CO₂e MT of CO₂e
50,308 54,231 43,941 41,649 33,901 24,730 103.43%
Travel CO₂e/ Full-Time Employees
MT/FT Employees
2.71 3.01 2.69 2.66 2.19 2.54 6.46%
Inter-City Travel Miles Traveled
163,505,517 178,041,319 143,575,591 133,642,330 118,728,318 73,641,875 122.03%
CO₂e from Inter-City Travel
MT of CO₂e
48,266 51,705 41,631 39,131 31,471 22,527 114.26%
Intra-City Travel Miles Traveled
5,590,543 6,914,306 6,188,051 6,631,726 6,445,983 5,862,472 -4.62%
CO₂e from Intra-City Travel
MT of CO₂e
2,041 2,525 2,310 2,518 2,430 2,203 7.31%
Paper ConsumptionUnit of Measure 2016 2015 2014 2013 2012
2007 Baseline
% change vs. 2007
Global Paper Consumption
Lbs. of Paper Used
17,576,690 19,666,169 21,142,901 23,243,854 24,501,458 5,696,800 208.54%
Global Paper CO₂e MT of CO₂e
23,108 25,822 27,830 30,432 32,222 8,392 175.36%
Bloomberg Markets Consumption
Lbs. of Paper Used
2,773,107 3,598,694 3,765,000 3,905,966 3,665,253 4,694,031 -40.92%
Bloomberg Markets CO₂e
MT of CO₂e
3,684 4,781 5,006 5,148 4,851 7,183 -48.71%
Businessweek Consumption
Lbs. of Paper Used
13,365,950 14,278,398 15,626,425 17,204,732 18,815,850 N/A -23.29%
Businessweek CO₂e MT of CO₂e
17,758 18,970 20,775 22,768 24,992 N/A -33.40%
BBNA Publishing Consumption
Lbs. of Paper Used
717,267 984,777 1,007,404 1,259,678 1,170,723 N/A -38.73%
BBNA Publishing CO₂e
MT of CO₂e
900 1,226 1,254 1,596 1,488 N/A -39.51%
BLP Ink Consumption
Lbs. of Paper Used
402,442 519,221 421,456 542,425 521,594 481,517 -16.42%
BLP Ink CO₂e MT of CO₂e
461 586 485 588 518 694 -33.58%
BLP Press Consumption
Lbs. of Paper Used
N/A N/A N/A N/A N/A 184,000 N/A
BLP Press CO₂e MT of CO₂e
N/A N/A N/A N/A N/A 245 N/A
Global Office Paper Consumption
Lbs. of Paper Used
317,925 285,079 322,617 349,053 328,039 337,252 -5.73%
Global Office Paper CO₂e
MT of CO₂e
304 259 311 332 372 269 13.17%
Global Office Paper/ All-In Employees
Lbs. Used/All-In Employees
15.69 14.30 17.81 19.95 19.12 32.81 -52.20%
Supply ChainUnit of Measure 2016 2015 2014 2013 2012
2007 Baseline
% change vs. 2007
Total Shipments CO₂e
MT of CO₂e
9,267 10,438 10,722 11,036 12,195 7,683 20.62%
Total Items Shipped # of Line Items
713,895 705,164 598,422 527,375 487,280 411,884 73.32%
Total Weight Shipped
MT Shipped
10,102 10,490 8,883 7,420 6,841 8,535 18.35%
Weight of Ground/ Sea Shipments
MT Shipped
9,399 9,760 8,265 6,817 6,284 7,892 19.09%
Ground/ Sea Shipments CO₂e
MT of CO₂e
1,387 1,625 1,369 1,161 1,075 1,855 -25.24%
Weight of Air Shipments
MT Shipped
703 730 618 604 556 643 9.30%
Air Shipments CO₂e MT of CO₂e
1,252 1,467 1,237 1,167 985 1,482 -15.53%
Markets Magazine Distribution
Annual Print Run
4,091,675 4,949,737 5,398,300 6,161,040 5,712,741 4,800,220 -14.76%
Markets Magazine Distribution CO₂e
MT of CO₂e
2,561 2,786 3,110 3,224 4,076 4,345 -41.06%
Businessweek Distribution
Annual Print Run
45,377,634 46,593,729 49,597,016 52,011,705 54,028,043 N/A -10.06%
Businessweek Distribution CO₂e
MT of CO₂e
4,066 4,560 5,007 5,484 6,059 N/A -31.32%
WasteUnit of Measure 2016 2015 2014 2013 2012
2007 Baseline
% change vs. 2007
Total Global Waste MT of Waste
6,060 5,925 5,159 5,363 5,557 N/A 37.96%
% of Total Global Waste Diverted
Diverted Waste/Total Global Waste
75% 76% 77% 80% 80% N/A 45.74%
Global Landfill Waste
MT of Waste
1,486 1,395 1,183 1,055 1,137 2,250 -33.96%
Global Landfill Waste/ All-In Employees
Kg Waste/ All-In Employees
73 70 65 60 66 219 -66.51%
Global Landfill Waste CO₂e
MT of CO₂e
1,633 1,533 1,300 1,160 1,249 2,473 -33.96%
Global “Waste-to-Energy”
MT of Waste
970 957 1,070 1,211 1,031 N/A N/A
Global Recycling MT of Recycling
2,908 2,971 2,403 2,518 2,962 N/A 29.85%
Global Recycling/ All-In Employees
Kg Recycling/ All-In Employees
144 149 133 144 173 N/A -30.62%
Global Compost MT of Compost
695 602 502 579 427 N/A N/A
Global Compost/ Applicable Employees
Kg Compost/Applicable Employees
46 46 44 50 37 N/A N/A
Total CO₂e 191,359 206,797 197,599 193,129 190,415 147,536 30.90%
Performance by the Numbers
Comments
• Avg. all-in employees includes
part-time, contractors, etc.
• Electricity consumed includes all
components of facilities (R&D, is,
networks)
• CO₂e from non-electric power includes
natural gas, steam, oil, refrigerants
• Inter-city travel (between cities) includes
commercial air, private aircraft and rail
• Intra-city travel (within cities) includes
car rental, car service, taxi and field
service car miles
• Businessweek consumption:
Businessweek acquired December 2009
• BBNA publishing consumption:
BBNA acquired September 2011
• BLP press paper consumption: BLP press
discontinued in-house year-end 2009
• Supply chain includes BLP Ink shipping
data; Businessweek distribution began
in December 2009
• Diverted waste is waste that is recycled,
composted or sent to waste-to-energy
• Landfill waste is any waste that cannot
be recycled or composted or sent to
waste-to-energy
• Waste-to-energy began in London in
2011 and at 731 Lexington in 2012
• No CO₂e associated with recycling—
includes e-waste, metals, plastic, glass,
paper and cardboard
• Headcount figures for composting
NYC (hc: 8,203), Upstate NY (hc: 48),
Washington, DC area (hc: 1,238),
SF (hc: 278), London (hc: 2,686),
Tokyo (hc: 591), Johannesburg (hc: 68),
Cape Town (hc: 52), Milan (hc: 19)
We measure our progress across all areas of our operations and between departments.
Performance Summary by DepartmentPercentage Reduction in CO2e Absolute Emissions and Emissions Intensity, Net Savings by Department 2016 vs. 2007 Baseline
Intensity Absolute Department Saving
100% 50% -50% -100%0%
-48%-10%
Facilities/O�ces $19.7M
-49%-7%
Information Systems $22.7M
-26%3%
Networks $0
-24%-24%
Broadcast$509K
-65%-9%
Facilities/Data Centers $8.4M
-53%22%
Engineering Systems $0
6%103%
Employee Business Travel $31.2M
-54%-46%
Markets Magazine $8.6M
-26%-31%
Businessweek$2.7M
-30%-3%
BLP Ink $598K
-55%-29%
Asset Management $1.8M
-61%-22%
Waste, Other $0
-96%-92%
Pantry $0
Setting specific targets for operating departments and actively monitoring progress have allowed us to achieve a 41% emissions intensity
reduction and save $95M since 2008.
Environmental impact management have resulted in reduced CO₂e and significant operating
cost reductions vs. business as usual (BAU).
• CO₂e intensity reduction 41%
• Avoided CO₂e from BAU (2008–2016) 685,489MT
• Cumulative net avoided costs (2008–2016) $95M*
*Net avoided costs includes additional savings of $14.9M and expenses of $16.2M not
represented in individual department savings.
BY THE NUMBERS
Key Performance Submetrics
Key Performance Submetrics
2020 Goals 2016 Status 2020 Target
Absolute Emissions Reduction by 2020
% Energy from Direct Renewable Sources
Energy E�ciency
% of Employees in LEED O�ces
Recycled Paper in Magazines
Digital Subscription Base
Travel Reduction
Packaging:Recycled/Renewable
Landfill Diversion Rate
O�ce Paper Reduction
Recycled Content:O�ce Paper
Energy
Publishing
20% reduction of Bloomberg’s absolute emissions vs. 2007 baseline
35% utilization of direct renewable energy as a percentage of total energy consumption
50% improvement in energy usage when evaluated against company growth
75% employees located in Bloomberg o�ces that have been LEED-certified
50% of recycled paper used to print Businessweek and Markets magazines
10% of Businessweek and Markets subscribers that are “digital only”
20% reduction in non-sales-related travel from 2013 levels
100% of (outbound) warehouse packaging sourced from either renewable or recycled materials
90% of Bloomberg waste diverted from landfills
75% reduction, on a per-headcount basis, of o�ce paper consumed globally
75% of post- or pre-consumer waste in our global o�ce paper (on a blended average across all o�ces)
Travel
Supply Chain
Waste/Paper
-3%
2%
52%
32%
12%
0%
0%
5%
52%
67%
75%
We continue to make progress on our operational goals for 2020. We have had success in reaching
some of our goals—energy efficiency, LEED offices and digital subscriptions for our magazines;
challenges still exist for travel reductions, packaging and recycled content in our publishing
properties.
BY THE NUMBERS
Emissions by Scope
Emissions by Scope
Scope 1 2016 2015 2014 2013 20122007
baseline% Change
vs. 2007
Direct Combustion Emissions 9,519 9,729 12,160 9,848 12,357 6,085 56.44%
Scope 2 2016 2015 2014 2013 20122007
baseline% Change
vs. 2007
Indirect Combustion (Electricity, Steam) 103,540 110,729 108,676 104,983 105,151 102,084 1.43%
Scope 3 2016 2015 2014 2013 20122007
baseline% Change
vs. 2007
Employee Business Travel 44,292 48,546 36,912 35,670 27,241 20,819 112.74%
Magazine Distribution 6,628 7,347 8,115 8,708 10,135 4,345 52.52%
Material Transport 2,639 3,092 2,606 2,328 2,060 3,337 -20.93%
Publishing Paper Consumption 22,342 24,978 27,035 29,513 31,332 7,429 200.76%
Other Paper Consumption 766 844 796 919 890 963 -20.53%
Landfill Waste 1,633 1,533 1,300 1,160 1,249 2,473 -33.96%
Bloomberg Location-Based Emissions* 2016 2015 2014 2013 2012
2007 baseline
% Change vs. 2007
Total 191,359 206,797 197,599 193,129 190,415 147,536 29.70%
Renewable Energy Projects** -1,625 -1,065 -1,022 -969 -951 -457 N/A
Unbundled REC Purchases -25,329 -33,799 -33,083 -81,111 -80,464 0 N/A
Other Market-Based Emissions Adjustments -5,522 -2,486 0 0 0 (0) N/A
Bloomberg Market-Based Emissions* 2016 2015 2014 2013 2012
2007 baseline
% Change vs. 2007
Total 158,882 169,446 163,494 111,049 109,000 147,536 7.69%
Metric Tonnes CO₂e, 2007–2016
* The calculations of Location-Based and Market-Based emissions are based on WRI’s GHG Protocol Scope 2 Reporting Guidance (January 2015)—these calculations roughly correspond to Bloomberg’s historical reporting of “Carbon Emissions” and “Carbon Footprint,” respectively.
** This impact includes projects for which Bloomberg retains the RECs (457 MT CO2e) and projects for which Bloomberg does not retain the RECs, but acquires RECs equal to the environmental impact of the project (1,168 MT CO2e).
Energy consumption represents 56% of our total CO₂e emissions. Employee business travel and logistics (including magazine distribution)
contribute 31%, with paper consumption from publishing (Businessweek, Markets, BBNA) accounting for 12% and the balance from office
paper and landfill waste.
ENERGY
Energy Overview
GRI: 305-5
In 2016, Bloomberg’s total energy emissions were 107,043 metric tonnes. As a company
with more than 18,000 employees located in 200 offices globally, including data centers,
reducing our energy-related carbon emissions is critical to reducing our total environmental
impact. Bloomberg’s energy strategy is comprehensive, focusing on reducing overall energy
consumption, implementing energy-efficiency projects at our facilities, developing both on- and
off-site renewable energy projects and building our facilities to LEED, BREEAM or Energy Star
environmental standards.
Emissions by ActivityBloomberg Emissions Profile 2016
13% Paper Consumption and Waste
31% Travel and Logistics
56% Energy Use
Energy and travel continue to dominate Bloomberg’s emissions profile, accounting for 87% of our total.
Energy accounts for the largest percentage of our emissions, followed by travel and logistics, then
paper consumption and waste.3
01M
Total kWh and kWh per EmployeekWh Per Headcount (Thousands)
0
5
10
15
20
25
kWh Usage by Year
kWh Usage per Employee
200920082007 2010 2011 2012 2013 2014 2015 2016200M kWh
225M kWh
250M kWh
275M kWh
300M kWh
227
M2
2,4
77
238
M23
,10
5
232
M 24
2M 2
54
M
21,1
39
19,0
50
16,6
63
266M
267M
17,0
28
17,0
83
28
6M
16,5
92
29
9M
16,3
48
15,9
91
2.8%
2.2% 0.3%
8.5%
9.9%
12.5%
2.9% 1.5% 2.2%
Energy consumption on a per-head-count basis is down 29% since 2007.
Solar/Wind
Infrastructure
DemandReduction
Other Renewables
Infrastructure
Solar/Wind
DemandReduction
Other Renewables
2020 Carbon Emissions Target and Reduction ProjectionAbsolute and from Business as Usual (BAU)
2020 Carbon Emissions Reductions
Metric Tonnes of CO2e
CO2e Reductions from Energy
100,000
150,000
250,000
200,000
300,000
350,000
400,000
2016 2017 2018 2019 2020
Reductions by type 2008–2013
Projected reductions by type 2014–2020
Facilities/Technology
Renewable Energy
Reduction % from BAU
Magazine Publishing
Travel/Other
Infrastructure
* 2020 Target measured in Market-Based Emissions, excluding unbundled REC purchases
2014 was a transition year from Phase 1 to Phase 2 of our strategy to reduce our carbon emissions. In Phase 1, we focused on demand reduction and infrastructure investments. We also investigated and implemented two renewable energy projects, with a third in progress. In Phase 2, we have continued to focus on these opportunities, but have also expanded our use of renewable energy to enable us to achieve our goals.
Identified projects, if completed,will o�set growth and achieve a 32.8% reduction vs. 2007 baseline emissions, meeting our 2020 goal of a 20% absolute emissions reductionvs. 2007 baseline.*
0.7% Solar/Wind
6% Infrastructure
93.3% DemandReduction
0% Other Renewables
Solar/WindEmissions reductions from on and o� site solar and wind projects
Infrastructure Emissions reductions from on and o� site solar and wind projects
Demand Reduction Emissions reductions from decreasing the amount of energy we use through conservation measures
Other RenewablesEmissions reduction from hydropower for our upstate NY data center
5.5% Infrastructure
11.9% Solar/Wind
82% DemandReduction
0.5% Other Renewables
54.6%
1.43%
0.5%
2.1%
8.9%
ENERGY
Renewable Energy
Bloomberg has been pursuing renewable energy projects since 2009, with our first installation in
New Jersey in 2012. Since then, we have completed four more projects, including an on-site roof-
mount array at our New Jersey data center in early 2016, and continue to aggressively pursue
opportunities where they make sense — economically, operationally and environmentally.
Renewable Energy Targets
In 2013, Bloomberg set a goal to source 35% of its electricity from renewables by 2020. To help
us meet this goal, in 2014, Bloomberg signed the Corporate Renewable Energy Buyers’ Principles
with the Renewable Energy Buyers Alliance. These principles were developed by a group of
large energy buyers to spur progress on renewable energy and to add their perspective to the
future of the U.S. energy and electricity system. Bloomberg also joined the Business Renewables
Center (BRC), a member-based platform that streamlines and accelerates corporate purchasing
of off-site, large-scale wind and solar energy. In 2016, Bloomberg expanded its commitment to
renewable energy by joining RE100 and committed to using 100% clean energy by 2025.
Completed Projects
To date, Bloomberg has completed five renewable energy projects:
1.8 MW Solar PPA: Princeton, NJ
The first and largest of our on-site installations, the Princeton, NJ, 1.8MW system has generated
nearly 60% of our Princeton campus’s main building’s annual electricity. Bloomberg buys the clean
power generated from the system (which is owned and operated by a third party) at prices below
retail rates, providing a long-term hedge against rising power prices. The project has reduced our
energy cost by more than $950,000 vs. utility prices through the end of 2016.
1.5 MW Solar PPA: Queens, NY
Completed in September 2015, the Bloomberg—JFK Airport Park Solar Project was our first off-site
project to produce clean energy. The project utilizes “Remote Net Metering,” a program that enables
sites with poor solar characteristics but significant energy consumption to benefit from a solar
system on an alternative site with excellent solar characteristics. This project produces 1.8 million
kWh of clean energy annually, enough to power 244 homes, and eliminates 535 MT CO₂e per year.
It is the largest rooftop solar project in Queens, the largest remote net metered project in New York
City and the first to provide energy to a midtown Manhattan skyscraper.
40.6 KW Solar: San Francisco, CA
A 40.6 KW solar project at our San Francisco Pier 3 office produces nearly 60,000 MWh annually
and savings of ~$140K annually.
184 KW Solar: Dayton, NJ
Our most recently completed solar project, finished on Earth Day 2016, is at our maintenance
building in NJ—it produces 195,000 kWh annually and will save us $22K annually vs. utility pricing.
5 MW Wind PPA: Hidalgo, TX
In 2016, Bloomberg signed an agreement for the Hidalgo Wind Project, a 5 MW installation
expected to produce 19,000 megawatt hours annually beginning in early 2017. This project was an
expansion of an existing wind facility, enabling the project to benefit from current infrastructure in
the ERCOT market.
Projects Under Development
The Arkwright Summit Wind Project is a 20MW installation expected to produce approximately
61,000 megawatt hours annually starting in 2018. The project is located less than 30 miles
from the BPU Jamestown Coal Plant that was retired as part of the Sierra Club’s Beyond Coal
campaign (in partnership with Bloomberg Philanthropies). The project demonstrates the
important role corporations play in bringing more clean energy onto the grid and contributing to
the retirement of dirty coal plants, while generating a positive return on investment.
Renewable Energy Certificates
To supplement sourcing renewable energy, Bloomberg purchases Renewable Energy
Credits (RECs). While we view voluntary REC purchases as tertiary to our demand reduction,
infrastructure investment and renewable energy sourcing efforts, we see RECs as an opportunity
to send an important demand signal to the clean energy market. Bloomberg was recognized
again in 2016 by the U.S. Environmental Protection Agency (EPA) for Green Power Leadership,
as we purchased 88,612 MWh of RECs in 2016 to satisfy LEED requirements and to backfill Solar
Renewable Energy Certificates produced and sold for our New Jersey Solar Power Purchase
Agreements.
ENERGY
Case Study: Path to 100% Renewable Energy
GRI: XXX-XXX | SASB: XXXX-XXXX
DOWNLOAD SHARE
In 2016, Bloomberg joined RE100, a global initiative by influential businesses committed to 100%
renewable electricity. We have pledged to obtain 100% of our electricity from renewable sources
by 2025. Our initial target continues to be 35% electricity from renewables by 2020. To date,
our completed solar projects have generated more than 15,000 megawatt hours and saved
Bloomberg more than $1 million.
These transactions demonstrate Bloomberg’s commitment to finding creative means of
meeting our renewable energy goals and reducing our emissions. Bloomberg continues to
actively support the Renewable Energy Buyers Alliance (REBA). Specifically, we were an original
signatory of the Renewable Energy Buyers’ Principles and actively work with the Rocky Mountain
Institutes Business Renewable Center on its mission to help streamline and accelerate corporate
purchasing of off-site, large-scale wind and solar energy.
Read more about our completed projects
Signed and completed projects have a NPV of more than $8 million.
2025
50%
25%
75%
100%
0%
2024202320222021202020192018201720162015201420132012201120102008 20092008
Began Investigating Renewable Energy Projects
2012
Completed1.8 MW Princeton Solar Project
Completed41 KW San Francisco Solar Project
2015
Completed1.5 MW QueensSolar Project
Under Development20 MW Arkwright Summit Wind Project
2016
Completed184 KW New Jersey Maintenance Building Solar Project
Completed5 MW HidalgoWind Project
2020
With the completion of all future planning projects, Bloomberg will be on track to meet the 2020 Vision goal of 35% renewables by 2020.
2020 Vision Goal
35%Renewable energy by 2020
100%
RE100Commitment
100%Renewable energy by 2025
The path forward
In order to hit our target of 100% renewable electricity by 2025 we will continue to diversify the types of technologies, contract terms and locations of our projects, while still seeking projects that meet our environmental and financial objectives.
Additionally, Bloomberg will continue to engage NGOs, other corporates, renewable energy project developers and financiers through the Renewable Energy Buyers Alliance. This enables us to share leaderships lessons and hear from like-minded companies on innovative ways to expand our access to renewable energy and to achieve our target.
Projected
Bloomberg Renewable Energy at Year End
Bloomberg Renewable Energy Projects 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Owned Renewables MW 0.00 0.00 0.04 0.04 0.04 0.04 0.23 0.23 0.23 0.23 0.23
MWh 0 0 38 64 60 60 221 241 241 241 241
Power Purchase Agreements (PPAs)
MW 0.0 0.0 1.8 1.8 1.8 3.5 3.5 22.6 57.6 77.6 77.6
MWh 0 0 2,425 2,472 2,606 2,929 4,719 30,995 156,175 195,948 203,129
Renewable Energy Credits (RECs)
MWh 145,247 211,060 208,262 211,513 90,747 94,763 88,612 85,000 85,000 6,500 6,500
ENERGY
Data Centers
SASB: TC0401-03
Our data centers handle the large volume of data and analytics we provide to our more than
325,000 customers through the Bloomberg Professional service. These centers are critical
assets and require significant amounts of energy to function. While our objective is to minimize
our energy usage, we cannot compromise the quantities of data stored, Terminal functionality,
complexity of routinely performed calculations and uninterrupted service to our customers.
To evaluate our data centers, we created the Bloomberg Average Data Center Efficiency (BADE)
analysis tool. This tool compiles data on a number of IT-related metrics, including memory,
processor speed and disk utilization, as well as building power usage to determine a monthly
efficiency score.
Data center efficiency is a clear priority for Bloomberg, and we have aggressively pursued
creative solutions to save energy at our data centers, including:
• Managing underfloor airflow to optimize air conditioning
• Implementing variable frequency drives on mechanical equipment
• Using “free cooling” to reduce mechanical loads when outside conditions allow
• Organizing equipment along hot and cold aisles
• Replacing older servers with more efficient equipment
In 2014, we built our Leadership in Energy and Environmental Design (LEED) New Construction
data center. This new data center in Upstate New York, when fully operational, is projected to be
25% more efficient than standard data centers and has proven to be 15% more efficient than the
previous Bloomberg facility—saving approximately 7 million kWh in 2016.
Power Usage E�ectivenessData Center Power Usage E�ectiveness by Year
1.40
1.80
1.75
1.70
1.65
1.60
1.55
1.50
1.45
2013201220112010 2014 2015 2016
1.54
1.76
1.711.67
1.611.59
1.60
Power Usage Effectiveness (PUE) is a measure of how efficiently a data center uses energy,
specifically the percentage of total building energy used by the computing equipment (vs. cooling,
lighting, etc.—lower PUE is better). Bloomberg’s PUE has improved 12.5% since 2010.
ENERGY
Buildings and IT
Facilities have always been, and continue to be, a prime focus of our environmental efforts, as
well as an area in which we have had significant success. In 2016, Bloomberg utilized 197 non-
data-center locations globally, representing 3.6 million square feet, which consumed 148 million
kWh and generated 54,383 metric tonnes of CO₂e. By year-end 2016, our current and historical
reduction efforts, for both buildings and technology, have resulted in savings/avoidance of
more than 91,000 metric tonnes of CO₂e, the equivalent of approximately 242 million kWh and a
project-based cost savings of more than $40 million since 2008.
We’ve accomplished this through a number of projects since 2008, including:
• A global program to significantly reduce lighting during non-working hours
• More than 50 lighting-efficiency upgrades globally
• Implementation and upgrades of HVAC controls in key offices
Just as important to our progress in this area is Bloomberg’s commitment to a portfolio of
environmentally certified office space. Building our offices to these standards ensures that we are
limiting the environmental impact during both construction and occupancy phases. Components
of this process include:
• Incorporating sustainability considerations into our search criteria when seeking new office
space.
• Long-standing policy (since 2008) for all new office developments, refurbishments and
expansions to be certified or built to LEED (Leadership in Energy and Environmental Design)
standards.
By the end of 2016, Bloomberg had a total of 29 certified LEED projects on six continents, with
10 more in progress. In 2016, we completed projects in London, Johannesburg and our BNA
building in Arlington, Virginia. We have attained the highest rating of LEED Platinum for 15
projects and LEED Gold for 14 projects.
Science-Based Targets
As the issue of science-based targets becomes more prominent, Bloomberg is in agreement
with the need to align ourselves with those goals that have the best opportunity to lead our
environment toward a 2° scenario. While Bloomberg has not set a “stand-alone” science-based
target, we have set numerous reduction targets, including our commitment to RE100 to be 100%
renewable by 2025. Achieving this target will result in an approximately 75% reduction in Scope
1 and 2 emissions (market-based) vs. 2010 Scope 1 and 2 market-based baseline, which is in line
with science-based targets for Bloomberg’s sector (Service Buildings) set out in the Sectoral
Decarbonization Approach (SDA) formulated by CDP, WRI and WWF.
Employees in LEED-Certified O�ce Space
Anticipated
0
5,000
10,000
15,000
20,000
25,000
2008
10,3
17
10,9
90
12,6
89 15,2
64
15,6
17
15,6
53
17,2
76
18,3
10 19,9
39
2009 2010 2011 2012 2013 2014 2015 2016 2018
Total Headcount % of Employees in LEED-certified space
1.7%
2.5
%
4.6
%
8.6
%
26.7
%
28
.2%
26.2
%
29.
0%
31.6
%
70.2
%
18,794
At the end of 2016, 32% of employees worked in a LEED-certified building, with an anticipated 70%
occupying a LEED-certified building by the end of 2018.
BUSINESS TRAVEL & LOGISTICS
Business Travel & Logistics Overview
In 2016, BLP emissions from employee business travel and non-publishing-related logistics were
52,947 metric tonnes, a 89% increase from 2007 levels but a 1.3% reduction on a per-headcount
basis. Travel and transport are two areas where our environmental efforts are more challenging—
as we work to find pockets of reduction opportunity while not compromising business results or
the level of service we provide to our customers.
Travel by ModeBloomberg Business Travel: Miles Traveled & CO2e Emissions
2016 169,096,061 2.71
2014 149,763,642 2.69
2013 140,274,056 2.66
2012 125,174,301 2.19
2011 119,143,024 2.68
2010 110,402,214 3.14
2015 184,955,625
50,308
43,941
41,649
33,901
36,928
37,395
54,231 3.01
MilesTotal MT of CO2eMT of CO2e/Full-time Employees
Total
Air Rail Car
20162010 20162010 20162010
150 M
200 M
5 M
6 M
7 M
8 M
2.5 M
3 M
3.5 M
4 M
100 M
In 2016, our overall miles traveled and CO₂e produced were reduced from 2015 levels. Air and car
travel is down, and rail travel is up.
BUSINESS TRAVEL & LOGISTICS
Employee Travel
Employee travel is a key component of our business model and one of our biggest challenges in
terms of reducing our emissions. Bloomberg customer service is high-touch, requiring in-person
visits to our current customers and potential clients. Face-to-face customer support and training
are often cited as a distinct advantage we have over our competitors. Our sales teams therefore
travel regularly to see clients and generate new business. Moreover, our extensive news bureaus
and “hub-and-spoke” office model add to the challenges we face in reducing business travel. As
we have added significant customer-facing headcount in recent years, overall miles traveled have
increased accordingly. However, we have been able to increase the use of rail service and slow
the growth of emissions associated with car service by utilizing the following targeted reduction
opportunities:
• 95% of travel between London and Paris/Brussels and 55% of travel between New York City
and Washington, D.C., were via rail
• Use of car services was down 76% in the UK and 24% in the U.S. vs. respective 2007
baselines
BUSINESS TRAVEL & LOGISTICS
Magazine Transportation
Bloomberg Markets and Pursuits have been producing EMEA and APAC issues in Europe since
2012. This has reduced distribution emissions, because copies for destinations in Europe now
travel by ground transport rather than air and Asia copies travel shorter distances.
In the United States, Bloomberg Markets co-mails its magazine with up to 30 other magazines,
thus achieving full pallets and efficient transportation to postal facilities. Large volumes of
magazines in the New York Metro area destined for large users of the Bloomberg Professional
service bypass the Postal Service and are delivered directly to the client mailrooms.
Bloomberg Businessweek currently participates in a truck-sharing program with two independent
weekly magazines that have similar production schedules, and it prints and distributes from the
same manufacturing sites. By so doing, Businessweek is able to leverage a greater and more
granular distribution footprint, reduce costs and enhance customer service by earlier delivery to
subscribers. Currently, 75% of the weekly print order is distributed via truck share.
In 2017, Businessweek will begin regional printing and distribution in Europe and Asia, which will
result in significant reduction of distribution emissions.
BUSINESS TRAVEL & LOGISTICS
Product Transportation
GRI: 102-9
For our products, both customer-facing and for internal use, we have more than 300 stocking
locations globally, with three major distribution centers in New York, London and Tokyo.
Bloomberg prides itself on providing best-in-class customer service, and we ensure our
customers get the equipment they need to maximize the use of our products and services.
In 2016, we clocked more than 700,000 shipments, both outbound and inbound, which resulted
in 2,639 metric tonnes of CO₂e (compared with 3,337 metric tonnes in 2007). Almost 93% of
shipping activity in 2016 was via ground or sea, a 4.5% improvement over 2007. Shipment weight
and transport distance have had the most significant impact on our transport emissions. Our
engineering group continuously looks for opportunities to reduce the weight of our products
and packaging. For example, the shipping weight of our keyboards has decreased by more than
5 lbs. (58%) since 2007. As a result of these efforts, the average shipment weight decreased 35%
from 2007 to 2016. Our Purchasing department focuses on local sourcing whenever possible.
As a result, the average shipment distance in 2016 was 13% shorter than in 2007; the average air-
shipment distance was down 29% over the same interval.
Concurrently, Bloomberg has been addressing the issue of packaging waste associated with the
transport of our products. We have reduced this waste by implementing reusable packaging
and eliminating Bloomberg-generated Styrofoam from our waste stream. Supply Chain has
implemented numerous packaging-reduction initiatives, including a multi-component reusable
packaging system and a policy that encourages reuse of packaging as often as possible. Despite
increased shipping activity, we have reduced packaging usage by 20% since 2008 (the year
before implementation), achieving an annual savings in excess of $100,000.
Global Product Shipments CO2e (MT)
2007 2008 2009 2010 2011 2012 2013 2014 2015 20160
3,000
6,000
9,000
12,000
15,000
4,066Businessweek
2,561 Markets/Pursuits421BLP Ink2,218Global Logistics
While we are focused on finding efficiencies in all facets of our global product transport, the biggest
reduction impact is found via improvements in our magazine distribution networks.
PAPER
Paper Overview
Bloomberg’s paper usage includes its three magazines, in-house print facilities in New Jersey,
London and Hong Kong, Bloomberg BNA publishing at its printing company in Maryland and
office paper for standard business operations. Paper represents 12% of Bloomberg’s carbon
emissions—responsible sourcing of paper and printing services and utilization of recycled content
when possible are critical to mitigating our environmental impact in this area.
To that end, our guiding principles for paper use are to:
• Maximize recycled content in the paper we use, so long as the quality meets our
requirements and costs are comparable to paper with virgin fiber. It is our preference for
post-consumer recycled (PCW) paper, but we will incorporate pre-consumer recycled
content when post-consumer is unavailable, thus reducing use of virgin fiber from forests
and reducing emissions.
• Maximize FSC certification for any virgin fiber used.
• Employ credible life-cycle analysis (LCA) where feasible to determine choices with the least
environmental impact.
• Support and encourage cleaner and more efficient manufacturing processes that strive to
eliminate waste.
• Ensure that our practices and those of our vendors meet and/or exceed legal requirements.
Using paper made from post-consumer and pre-consumer recycled content and FSC-certified
fiber is the cornerstone of our paper purchasing policy. This strategy not only helps us reduce
the consumption of virgin fiber from natural forests and their ecosystems but also creates
demand for “waste paper” that would otherwise go to landfills. Using recycled and FSC paper
from paper mills closer to the source of printing also reduces the energy, water and chemicals
consumed during manufacture. In the end, the FSC-certification program best meets our criteria
for forest protection because of its inclusive and transparent decision-making processes and its
fairness, as reflected in the equal weight the certification gives to environmental, economic and
social considerations.
Global Paper Usage
Annual Employee UsagePounds of Oce Paper Used Per Year, Per All-In Employee
5
10
0
15
25
20
35
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
52.2%Reduction
8.8% Markets
7.0% Pursuits
4.1% BBNA Publishing
1.8% O�ce Paper
2.3% BLP Ink
76.0% Businessweek 17,576,690
Total Pounds
Bloomberg Businessweek accounts for the overwhelming majority of our paper usage and
associated emissions. We have had success in reducing employee-driven print output by optimizing
our print environment, pushing double-sided printing and installing badge-swipe printing in our
offices.
PAPER
Magazine Publishing
We recognize that significant environmental and financial impacts are associated with our
paper consumption. As a publisher with a global distribution of almost 50 million magazines
and consumption of more than 16 million pounds of paper per year, our paper choices have
a very direct impact on the environment. Bloomberg is making efforts to transition to digital
subscriptions wherever possible, but paper remains the communication vehicle of choice for a
majority of our readers and our advertisers. Digital publishing is gaining, and, while it is not an
entirely environmentally benign solution as it relies on servers that contain extensive mineral
materials and use substantial amounts of energy, it is preferable.
To the extent that we must use a significant amount of physical paper and distribute products to
nearly every country in the world, it is crucial that we base our decisions on the best information
available and take the most sustainable action without compromising quality or cost. This
includes encouraging recycling of our products, partnering with vendors on projects that achieve
sustainability goals, using soy-based inks, purchasing Forest Stewardship Council (FSC)-certified
paper and using paper with recycled fiber when it meets quality and cost requirements.
Because we are responsible for getting our product to market in an environmentally and
socially conscious manner, we will continue to improve our processes to ensure that we lead by
example. We use printing plants that have implemented sustainable practices, use rail for paper
transportation whenever feasible, consolidate magazine shipments to reduce carbon emissions
and use regional printing plants to reduce transportation distance to customers. Maintaining
clear communication with our customers, employees, vendors, communities, colleagues,
governments, nonprofits and others will encourage them to follow our lead in meeting their
environmental goals. Through vigilance, collaboration and transparency, we can reduce our
carbon emissions and consumption of virgin materials.
Bloomberg Businessweek
Bloomberg Businessweek is a weekly publication with an average circulation of 996,000, the
creation and distribution of which contributed 21,824 metric tonnes of CO₂e to Bloomberg’s
emissions. Since we acquired the magazine in 2009, Bloomberg has been focused on increasing
the magazine’s circulation through improved content and editorial design while improving
the quality of its paper, including exclusively utilizing FSC-certified paper. In 2016, Bloomberg
Businessweek reduced printed copies by 1.2 million (including the elimination of 1.1 million
newsstand issues) and increased digital copies by 906,000.
Bloomberg Markets and Pursuits
In an effort to streamline publishing operations for Bloomberg Markets, we reduced the number
of issues from 11 in 2015 to six in 2016. Bloomberg Markets issues were coupled with five issues
of Pursuits in 2016. With an average circulation of approximately 325,000, Markets and Pursuits
still represent significant resource consumption, but the combined 2016 usage of 2.8 million
pounds of paper and generation of 6,246 metric tonnes of carbon emissions are down 23%
and 17%, respectively, vs. 2015. In addition to the 17% reduction in the number of issues, Markets
publishing operations found savings by:
• Streamlining operations to use less paper (i.e., fewer “free copies”) and generating a 60%
reduction in production waste (i.e., “spoilage”). 2016 Markets paper consumption was down
41% since 2007 despite 2016 circulation being 8% higher than in 2007.*
• Improvements in paper-production processes resulted in lower carbon factors associated
with paper usage since 2007.
* Bloomberg Pursuits was introduced in 2012 and discontinued as a printed magazine after 2016.
It will continue as a digital publication in 2017.
2016 Magazine ImpactDistribution Impact Per Issue
2016Magazine
Businessweek 0.29 -14.70% 0.39 -25.95% 0.09 -23.64%
% Change vs. 2007
% Change Vs. 2007
% Change Vs. 2007
Paper Usage per Issue (Lbs)
Paper CO2 per Issue (Kg)
DistributionCo2e perIssues (Kg)
0.90Markets/Pursuits 0.68 -30.69% -39.83% 0.63 -30.85%
We have reduced the distribution impacts of our publications—Bloomberg Businessweek &
Bloomberg Markets/Pursuits—since 2007.
PAPER
Bloomberg Ink & FSC Certification
Bloomberg Ink is the Company’s in-house print facility (locations in New Jersey, London and
Hong Kong). The department completed 43,587 print jobs in 2016, representing 17.4 million
printed impressions in 2016, including business cards, nameplates, notebooks, stationery and
brochures. A range of suppliers produce additional printed customer marketing material, but it is
an ongoing Bloomberg initiative to maximize Bloomberg Ink’s output and minimize our reliance
on third-party printing. Since 2008, we have reduced our annual spend on third-party print
services by 84% and achieved cost savings of $11.6 million.
In 2016, Bloomberg Ink’s environmental achievements include:
• Using upwards of 98% FSC-certified paper and, on average, 32% recycled-content paper
• Producing zero hazardous waste
• Printing only with low- or no-VOC and soy- or vegetable-based inks
We are working to improve the sustainability of our printed materials by reducing paper use,
increasing the use of recycled and FSC paper and encouraging the use of environmentally
preferable inks. We expect our vendors to follow suit. All major Bloomberg Ink suppliers are
required to submit a complete “materials list” prior to order approval. The list includes: materials
used, amount of recycled content, inks, any toxic materials in the product and type of waste
associated with manufacturing the product for Bloomberg.
Bloomberg’s corporate style guide stresses the importance of environmentally benign inks;
designers are strongly discouraged from using fluorescent or metallic inks.
FSC Certification
The New Jersey location is Bloomberg’s central office — a multi-site facility that has been FSC-
certified since October 2008. It has ultimate management responsibility for maintaining the
certification contract, upholding the Chain-of-Custody (CoC) system and ensuring that CoC
standards are met at participating sites. It is also responsible for the following:
• Documenting procedures and training
• Adding, removing and internal auditing of sites
• Coordination with Rainforest Alliance for annual audits
• Record-keeping
• Trademark control
Bloomberg Ink London, added in October 2013, and Bloomberg Ink Hong Kong, added in
January 2014, are participating sites. They are included in the scope of a multi-site certificate.
They do not hold individual FSC certificates, but as long as they comply with requirements
established by the central office, they are covered by the multi-site certificate. Participating sites
are responsible for:
• Following Chain-of-Custody system
• Recording annual volume summary data for site
• Keeping samples of FSC-certified items
• Attending training sessions
• Participating in annual audits
Collaborating with the Forest Stewardship Council helps Bloomberg more effectively
communicate our sustainability efforts to our customers, employees and other partners.
Forest Stewardship Council Certification Three-Step Process
Licensing agreement
1. 2. 3.On-site visit fromRainforest Alliance
Review of the observed results
A licensing agreement, outlining terms of licensing, trademark usage and copyrights
On-site visit from Rainforest Alliance auditors to review plant processes and separation of FSC-certified products from non-FSC-certified products within the facility.
Chain-of-Custody standards require that FSC-certified products be clearly marked and processed in a way that ensures no cross-contamination with non-FSC-certified products
A review of the observed results from the on-site audit as well as written facility operation guidelines
Bloomberg Ink has been certified to the Forest Stewardship Council Chain-of-Custody standards since 2008.
The Certification allows Bloomberg to design, manufacture and distribute products with the FSC logo.
PAPER
Office Printing
In addition to our efforts in publishing, Bloomberg continues to pursue reductions in the
environmental impact of our office paper usage by reducing demand and increasing the use of
recycled content and sustainably sourced paper. Overall, office paper printing activity has seen
a 52% per-headcount decrease, and total office paper purchased has decreased 18% since 2007.
Globally, Bloomberg offices use an average recycled content in office paper of 67%, while 66% of
office paper is Forest Stewardship Council (FSC)-certified.
It is challenging to further reduce our office paper consumption, especially in News-and
Broadcast-related business operations and during annual global business planning periods. To
address these ongoing challenges, double-sided printing has been our global printer default
since 2009. In 2016, we introduced “Follow-Me Printing” technology in our New York City offices,
with a global rollout planned for 2017. With “Follow Me Printing,” our printers are equipped with
badge readers and employees scan their badges to access their print jobs from any printer
within our print environment. Any jobs that have not been scanned for pickup within three hours
of printing are deleted from the print server. Early results show a savings of 10% in print jobs and
20% in physical printers located on floors.
O�ce Paper Sourcing2016 Global Paper Usage
Region
Asia 45,350 21,949 36,467 70%
100%
18,508
17,959
Total Lbs.
Forest StewardshipCouncil % FSC
Paper with Post-ConsumerWaste (PCW) PCW % PCW Lbs.
North America 225,324
317,925Total
152,557
211,153
163,870
236,089pounds of papercontaining PCW
30%
75%
25,214
1
100%
67% average
PCW
138,656
Europe, Middle East & Africa
44,006 36,648 35,752 100% 35,752
Latin America 3,245 0
48%
67%
66%
83%
0 0
Sixty-six percent of our office paper consumed globally is FSC-certified and contains on average 67% post-consumer waste.
WASTE & WATER
Waste & Water Overview
GRI: XXX-XXX | SASB: XXXX-XXXX
DOWNLOAD SHARE
Aggressive recycling and composting, along with utilization of waste-to-energy, have driven
our waste reduction/diversion success. Bloomberg currently diverts 75% of its total waste away
from landfills and is targeting 90% diversion by 2020. We continue to educate our employees
and build awareness surrounding our waste-reduction efforts globally. In addition, as part of the
expansion of our LEED portfolio, water-reduction measures have been implemented in numerous
key offices.
2016 Waste by Type
16% Waste to Energy
11% Compost
11% E-Waste
2% Plastic
25% Landfill
18% Paper Recycling
Less than 1%GlassAluminumOther MetalsBatteriesLight Bulbs
9% Cardboard
8% Mixed Recycling
Diversion Percentage
Bloomberg tracks its waste, recycling and composting programs in an effort to divert as much waste
from landfills as possible.
WASTE & WATER
Waste & Recycling
When waste is sent to landfills, the breakdown process produces methane, a powerful
greenhouse gas. Our waste sent to landfills resulted in 1,633 metric tonnes of CO₂e. On a
per-headcount basis, this represents an 5% increase over 2015, but still a 67% reduction from
2007, attributable primarily to a move to zero-landfill, waste-to-energy disposal of all our waste
in both New York City and London and composting programs in 19 cities globally. We calculate
CO₂e emissions from waste using the methodology and conversion factors provided by the U.S.
Environmental Protection Agency.
The main types of waste produced by Bloomberg are:
• General office waste, consisting mostly of paper and cardboard, ink and toner cartridges,
cans and plastic containers
• Electronic equipment waste from our offices, returns from customers, redundant PCs,
monitors, servers, broadcast equipment and mobile phones
• In-house printing waste, including paper, ink and press-cleaning liquid
• Pantry waste, specifically food waste, cans, plastic and glass containers, cutlery and bowls
made from compostable material
Compost
Bloomberg currently has compost programs in 19 offices* engaging 74% of our employees in our
composting efforts. Our New York City offices are two of very few commercial office buildings in
Manhattan with full composting programs. Globally, we composted 695 metric tonnes of waste
in 2016.
Recycling
We have placed recycling bins for paper, cans and plastic in all of our offices and pantries. Many
of our employees have had individual wastebaskets removed from under their desks, which
provides a unique opportunity to engage and educate them about waste segregation that we
hope translates into their everyday lives.
Waste-to-Energy
Many offices are located in municipalities that rely on waste-to-energy. For example, the London
office sends nothing to the landfill. Trash is either recycled, composted or converted into energy.
The office recycled and composted 482 metric tonnes of waste and sent 33 metric tonnes to
waste-to-energy.
The waste process is as follows:
• Dry, unsoiled waste is sent to a MRF (Materials Recovery Facility) that separates it out—it is
either recycled (plastic bottles, spoons, etc.) or, if non-recyclable, goes to waste-to-energy.
• Dirty or soiled trash goes to a dirty MRF that then sends it to waste-to-energy.
While waste-to-energy is preferable to landfill, recycling and reusing are better solutions.
Therefore, it is still useful for employees to sort their trash so that we can recycle the maximum
amount.
* Composting in 731 Lexington Avenue, 120 Park Avenue, Queens and Upstate NY; Dayton and
Princeton, NJ; San Francisco, CA; 1399 New York Avenue, Washington, D.C.; Arlington, VA;
City Gatehouse, 38 & 50 Finsbury and Canningtown Warehouse, London; Capetown and
Johannnesburg, South Africa: Milan, Italy; Bogota, Colombia; Mexico City, Mexico; Tokyo, Japan
2016 Compost, Recycling and Landfill Waste
(Metric Tonnes)
0
200
100
300
400
500
600
700
2008 2010 2012 2014 2016
2008 2010 2012 2014 20160
500
1,000
1,500
2,000
2,500
3,000
695
2,908RecyclingRecycling is down from 2015 due to reusable packaging and lower paper consumption.
(Metric Tonnes)
2008 2010 2012 2014 20160
500
1,000
1,500
2,000
2,500
1,486
WasteLandfill waste increased slightly in 2016 due to transition of personnel from 731 Lexington Ave (waste-to-energy) to 120 Park Ave (waste-to-landfill).
CompostComposting increased in 2016 due to global expansion of composting program.
(Metric Tonnes)
Bloomberg tracks its waste, recycling and composting programs in an effort to divert as much waste
from landfills as possible.
WASTE & WATER
Sustainable Pantries
Bloomberg’s pantries are the hearts of our offices and serve as informal gathering places for
employees. They provide free drinks, fruits and vegetables, and other snacks. Bloomberg
sets targets to increase our offerings of local and bulk foods for sustainable consumption. We
also source cups, cutlery and plates made from fully compostable materials in markets where
composting is available (currently New York, New Jersey, DC Metro Area, Boston, Chicago, Los
Angeles and San Francisco). In 2016, 93% of all pantry waste was divertible from landfills—72%
compostable and 21% recyclable. We’ve partnered with TerraCycle to address individual snack
wrappers from consumer goods companies and are aggressively expanding this program
globally. Since implementing TerraCycle, we have diverted 251,670 snack wrappers from landfills.
100% 100%80% 80%60% 60%40% 40%20% 20%0% 0%
O�ce PantriesBGREEN Pantry WasteIn 2016, 93% of all pantry waste was divertable; 72% compostable and 21% recycleable.
BGREEN Pantry SourcingIn 2016, 59% of our pantry o�erings were served in bulk, 39% were sourced locally, and 5% were organically grown.
Composting Recycling Landfill Bulk Local Organic
100% 100%80% 80%60% 60%40% 40%20% 20%0% 0%
731 Lexington
Princeton
Ridge Road
Washington, D.C.
San Francisco
Sāo Paulo
London
Frankfurt
Hong Kong
Singapore
Sydney
Tokyo
Dubai
Mubai
As part of our pantry offerings, Bloomberg provides local and bulk foods for sustainable
consumption, and sources cups, cutlery and plates made from fully compostable materials, where
available.
WASTE & WATER
Sustainable Events
Bloomberg organizes and hosts more than 10,000 events across 300+ countries welcoming
240,000+ attendees annually. The complexity varies, but sustainability is at the forefront of all
Bloomberg events.
We strive to have minimal impact on the environment by complying with the first and only
comprehensive standards developed by APEX (the Convention Industry Council’s Accepted
Practices Exchange)/ASTM (American Society for Testing Materials). Bloomberg has been able
to achieve compliance with the standards in the following ways:
• 85% of our events are hosted in our own buildings, which are LEED-certified with a minimum
Gold standard and many Platinum standard.
• Off-site venues are selected based on LEED certification and proximity to public
transportation.
• 25%+ of the food sourced for an event is a combination of local (grown within 100 miles)
or organic. All food and beverage offerings are served on compostable wares or china
whenever possible.
• Signage is produced on latex large-format equipment using water-based inks and FSC-
certified papers and substrates.
• We encourage e-literature, but, when printing is required, all literature is printed on recycled
paper using water-based inks.
• From decor to signage to furniture, Bloomberg makes every effort to reduce, reuse or
recycle elements from event to event.
• One of our largest employee events is the first of its kind to follow and achieve the ASTM/
APEX Environmentally Sustainable Event Standard.
Sustainability Events
Solar charging station at the New York Summer Picnic.
Sustainability Events
Farm stand at the New York Summer Picnic
WASTE & WATER
Sustainable Packaging
Product packaging is an impactful segment of Bloomberg’s waste stream. In 2016, our global
distribution network completed more than 370,000 outbound and 282,000 inbound shipments
of customer hardware and materials. Since 2008, Bloomberg has constantly reviewed its product
packaging solutions to reduce their environmental impact. To do so, we have the ongoing goals
of improving the sustainability of our product packaging by:
• Reusing packaging from inbound shipments whenever possible
• Reducing the amount and weight of materials used
• Replacing petroleum-based materials with recyclable or compostable packaging materials
• Redesigning packaging so more equipment can be transported in each load, thus reducing
fuel use
Achievements to date include:
• Introducing lightweight, reusable, air-filled transport packaging
• Removing Styrofoam from standard packaging for outbound shipments
• Reducing the weight of our keyboards
• Using biodegradable materials for packaging on keyboard boxes
• Reducing size of 23" dual flat panel packaging
• Designing packaging for 27" monitor that is modular and less bulky than previous 17"/19"
packaging materials
Whenever possible, these materials are obtained from recycled sources and are fully recyclable.
WASTE & WATER
Water Use
SASB: TC0401-03
Limiting and reducing water use is a constant consideration throughout our organization. While
accurately quantifying the scale of our global consumption has proven challenging, that has not
impaired the implementation of our global water-reduction strategy.
We consumed an estimated 122 million gallons of water in 2016. Given the nature of our
operations (i.e., non-manufacturing), our consumption is largely driven by our employees and
facilities. We recognize the importance of water conservation, particularly in areas facing water
scarcity, and have consistently capitalized on opportunities to improve water-consumption
efficiencies in our facilities:
• Our new data center has a rainwater capture system that utilizes rainwater for the HVAC. This
project is projected to save more than 5 million gallons of water annually.
• Each of our data centers is designed to use the minimum amount of water necessary to
provide cooling for our operations through demand flow.
• We have installed low-flow fixtures in our LEED offices that provide a projected 35%
reduction in water usage. This equates to a current estimated savings of more than 3.3
million gallons of water annually. To date, we estimate that these projects have saved nearly
19.2 million gallons of water.
SUPPLY CHAIN
Supply Chain Overview
While our calculated supply chain emissions comprise all shipment logistics, including those
from our print shops and magazine distribution, we consider our supply chain to be a much
broader entity.
Maintaining consistent quality in our suppliers requires close coordination between multiple
departments, including Purchasing, Asset Management, Operations, Facilities and our various
business units. These different processes provide the structure necessary to effectively
coordinate our internal efforts.
Upstream and Downstream Players
Customer hardware
Responsible recycling/scrapping of our retired electronic assets
Consulting and IT support
O�ce supplies
Paper for our publications
Components for our Terminals
Upstream
Downstream
Bloomberg Supply Chain
Magazine distribution
Examples of our “downstream” consumer hardware efforts include the conversion of our flat
panels to Energy Star qualifications, more energy efficient keyboards, and longer-lasting B-Units.
Our goal for our “upstream” supply chain is to source from suppliers that maintain high labor and
environmental standards.
Distribution Centers
For our products, both customer-facing and for internal use, we have more than 300 stocking
locations globally, with three major distribution centers in New York, London and Tokyo. Featured
here is the Metro Warehouse in New York.
Distribution Centers
Our Supply Chain works in 21 locations in 11 countries and ships between 160 countries. Featured is
the Metro Warehouse team in New York solving logistical challenges.
SUPPLY CHAIN
Supplier Requirements
Globalization and sourcing diversification create unique opportunities and challenges for supply-
chain management. As part of our overarching Sustainable Purchasing Guidelines, Bloomberg
has established sustainability requirements in supplier requests for proposals (RFPs) and in
master service contracts. Our suppliers are required to comply with all applicable health, safety,
labor and environmental regulations, not discriminate against groups of employees, maintain
adequate safety standards and abide by local laws and regulations pertaining to minimum age
limits regarding employment. Bloomberg has established a minimum age requirement of 15
years old for those areas that have no minimum age requirements.
We require suppliers to outline their environmental initiatives, including policies, procedures and
information on what makes their goods and services environmentally and socially preferable.
We define “environmentally preferable” as products that contain recycled material and are also
recyclable and/or reusable, have reduced embedded energy and carbon emissions or that help
Bloomberg and its customers reduce energy use and carbon emissions. We seek products with
reduced amounts of harmful chemicals and that are certified to a recognized environmental
standard. Our supplier guidelines are informed by guidance and standards of the following:
Electronic Industry Citizenship Coalition (EICC), the International Labor Organization Code of
Practice in Safety and Health, the Universal Declaration of Human Rights, Social Accountability
International, the Ethical Trading Initiative and the UN Global Compact.
Bloomberg is committed to working with our suppliers to:
• Operate an efficient and sustainable supply chain that supports our corporate responsibility
programs
• Develop sourcing solutions aligned with customer, regulatory and wider stakeholder needs
and expectations
• Highlight and track the chain-of-custody for all precious and conflict minerals as well as other
high-impact items
• Ensure that all precious and conflict minerals have been responsibly sourced in accordance
with local, federal and international laws and regulations, as well as our guidelines
• Prohibit child, convict/prison or slave labor while ensuring that Bloomberg and our suppliers
abide by globally recognized, UN-mandated human rights policies
• Create long-term value and reduce risk for our business, our suppliers and our stakeholders
Upstream collaboration and compliance with our expectations by our suppliers—especially
those that manufacture our branded products—are a significant focus for Supply Chain and the
Sustainability teams. We worked with the nonprofit BSR (Business for Social Responsibility) on
revising our electronic equipment guidelines to be in line with the Electronic Industry Citizenship
Coalition® (EICC). Alignment with the EICC principles enables Bloomberg to leverage the
power of larger electronics companies that are using their considerable spend to influence
manufacturers to comply with best-in-class environmental, social and governance policies.
Implementing Our StandardsBloomberg’s Environmentally Preferred Operating Guidelines provide environmental best practices for the 13 areas of the Company that have significant environmental impacts.
Our environmental operating policies have expanded to reflect sustainability’s growing influence within the Company.
These guidelines allow us to scale our eorts across Bloomberg’s overall o�ce portfolio.
SUPPLY CHAIN
Vendor Risk Management
The Vendor Risk Management (VRM) program at Bloomberg was established to identify, assess,
quantify and mitigate risk exposure from third-party vendors. The VRM program provides
transparency on vendor-related risks that enables informed risk-based business decisions across
the organization. Risk transparency, business resiliency and operational stability are the pillars of
Bloomberg’s VRM program and underlie a comprehensive approach and commitment to vendor
relations.
Bloomberg manages several thousand active suppliers globally. To ensure the appropriate level
of focus and value in assessing vendor-level risk, we have established a rules-based risk model
to enable our business units to quickly and easily assess business-critical or high-risk vendor
engagements:
• Business-Critical: direct and material impact on the firm’s revenue, clients, core products and
services or strategic business operations
• High-Risk: access to data internally classified as high-risk or secure Bloomberg facilities
As part of our vendor management process, the Quality Assurance team, supported by
qualified third-party organizations that specialize in audits of manufacturing facilities, may audit
Bloomberg manufacturing suppliers with respect to their working conditions, safety and worker
compensation.
We use a risk-based approach to selecting suppliers that considers the following:
• Location of the supplier
• Any indication of high-risk or substandard manufacturing conditions
• Volume of product they supply to Bloomberg
The audits assess compliance in accordance with local labor and health and safety laws.
Specifically, living accommodations, machine safety and anything associated with worker safety,
ventilation, eye wash and first aid availability, fire safety, accessibility to exits, working hours,
overtime, wages and minimum health-related benefits, age of employee, and working conditions
in the workplace such as cleanliness and exposure to hazardous substances, health and safety
considerations and separate areas for eating and washrooms. Where necessary, we indicate
corrective actions that suppliers must take.
Vendor Risk Management
Contract Management Governance
Risk Assessment Risk Monitoring and Analytics
• Non-Disclosure Agreements• Master Service Agreements
• Litigation Review• Financial Viability• Information Security Review
• Vendor Concentration Analysis (Line of Business, Products/Service)
• Event-Driven Analysis (region, pandemic)• Watch List/Negative News Alerts
• Risk Register• Sanctioned Party List• Corporate Entity Relationships• Physical and Systems Access
The Vendor Risk Management program delivers value to our business and, ultimately, our clients by
enabling informed, risk-based business decisions through supplier risk intelligence and analytics
while supporting client and regulatory requirements. We have established a risk management
ecosystem that leverages the full range of Bloomberg Terminal functions, tools, analytics and data.
SUPPLY CHAIN
Greener Equipment
GRI: 102-11; 302-2; 302-5
DOWNLOAD SHARE
Bloomberg conducts life-cycle assessments (LCAs) of our customer-facing equipment for three
main reasons:
• Understand the impact of our equipment inputs: What components of our equipment
have the largest environmental impact? Once identified, can the offending components be
replaced with something more environmentally benign?
• Recognize the environmental impact our products have on our customers: The Bloomberg
Professional service is used by thousands of organizations globally to access critical financial
information. It is important for us to understand how having our equipment on site will
impact our customers’ energy consumption. We always look for opportunities to reduce that
impact.
• Maintain a policy of cradle-to-grave electronic equipment management: All customer
equipment is returned to Bloomberg for reuse, refurbishment or end-of-life disposal. Our
equipment is our responsibility.
Bloomberg conducted LCAs of its customer hardware in 2011 and 2015; we plan to do so again in
2017.
Product Life-Cycle Improvements
Reduction of Life-Cycle Emissions for Flat Panels
Reduction of Life-Cycle Emissions for Keyboards
kg CO2e
kg CO2e
See total emissions reduction
Impact by life-cycle stage
0
10
20
30
40
50
60
70
KeyboardsFreeBoard vs. Starboard
Reduction of Life-Cycle Emissions for B-Unit 3
0
0.5
1.0
1.5
2.0
2.5
3.0
B-Unit 2 vs. B-Unit 3
38%Reduction
29%Reduction
FreeBoard
StarBoard
B-Unit 3
B-Unit 2
kg CO2e
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Flat Panels19" vs. 23"
44%Reduction
19"
23"
The 23" Flat Panel was brought to market in January 2014. The 23" Flat Panel saved 1,413 kg CO2e per lifetime compared with the 19" Panel.
The StarBoard Keyboard was brought to market in October 2013. StarBoard Keyboard saved 24.6 kg CO2e per lifetime compared with the prior version, the FreeBoard Keyboard.
The B-Unit is a device that allows for secure access to a user’s Bloomberg Anywhere® account. B-Unit 3 was brought to market in November 2013 and has saved 0.77 kg CO2e per lifetime compared with the B-Unit 2.
See total emissions reduction
Impact by life-cycle stage
See total emissions reduction
Impact by life-cycle stage
In conjunction with performing these LCAs, we developed engineering product guidelines to
reduce the environmental impact of our equipment, including design, durability, recyclability and
water use. The guidelines are centered around these four directives:
• Minimize the use of hazardous materials and achieve compliance with the EU’s Restriction of
Hazardous Substances directive.
• Improve energy efficiency and meet EPA Energy Star requirements.
• Extend the useful life of the hardware on the Terminal and design it for recyclability.
• Take full responsibility for our equipment and ensure that it is recycled in an environmentally
benign way. We are commited to taking back our products from countries even if the local or
federal laws of that country do not require us to do so.
As defined in our engineering guidelines, all Bloomberg equipment at customer sites is
returned—at which time the equipment is refurbished and used by other customers, repurposed
within the Company or recovered for useful parts before the remaining materials are sent out
to be reused or recycled in some other form. In 2016, customers returned 216,241 products to
Bloomberg, including PCs, flat panel monitors, keyboards and biometric devices (B-Units). All
the equipment was reused or recycled. Bloomberg is an e-Stewards enterprise, committed to
the use of downstream recycling and disposal partners that meet the e-Stewards’ certification
requirements. Bloomberg also considers R2 certification when choosing end-of-life vendors and
is compliant with the Waste of Electrical and Electronic Equipment (WEEE) directive. This market
remains a challenge for the electronics industry.
Product Life-Cycle Improvements
Reduction of Life-Cycle Emissions for Flat Panels
Reduction of Life-Cycle Emissions for Keyboards
kg CO2e
kg CO2e
See total emissions reduction
Impact by life-cycle stage
0
10
20
30
40
50
60
70
KeyboardsFreeBoard vs. Starboard
Reduction of Life-Cycle Emissions for B-Unit 3
0
0.5
1.0
1.5
2.0
2.5
3.0
B-Unit 2 vs. B-Unit 3
38%Reduction
29%Reduction
FreeBoard
StarBoard
B-Unit 3
B-Unit 2
kg CO2e
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Flat Panels19" vs. 23"
44%Reduction
19"
23"
The 23" Flat Panel was brought to market in January 2014. The 23" Flat Panel saved 1,413 kg CO2e per lifetime compared with the 19" Panel.
The StarBoard Keyboard was brought to market in October 2013. StarBoard Keyboard saved 24.6 kg CO2e per lifetime compared with the prior version, the FreeBoard Keyboard.
The B-Unit is a device that allows for secure access to a user’s Bloomberg Anywhere® account. B-Unit 3 was brought to market in November 2013 and has saved 0.77 kg CO2e per lifetime compared with the B-Unit 2.
See total emissions reduction
Impact by life-cycle stage
See total emissions reduction
Impact by life-cycle stage
These are three examples of product life-cycle improvements that were implemented in 2013 and 2014 that
had a significant impact on emissions.